QUESTION 9 As a result of entering the world economy, Neverland experiences economic boom and its GDP goes up to y=13250: The functions that describe consumption and investment are still the same: cd(,) = 5000 – 1000r+ 0.25Y and Iª(r) = 500 – 1800r + 0.2Y. The government wants to take advantage of growth and increases its expenditures to: G = 190o. What is Neverland's current account balance? Note: Type in your answer approximated to two decimal points, i.e., your answer must be of the form "999.99". I will not be able to fix correct answers that were entered incorrectly, such as "999.999" or "999,99" or "999". In case the last digit in the correct answer is zero, e.g., "999.90" or "999.00", Blackboard will automatically delete it and you should not do anything about it.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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I don't know if I am suppose to use r value from the previous question which is 0.05 or I have to find a new r value for this question. (Same question but different G value)

QUESTION 9
As a result of entering the world economy, Neverland experiences economic boom and its GDP goes up to y=13250: The functions that describe consumption and
investment are still the same: cd(r) = 5000 – 1000r +0.25Y and Id (r) = 500 – 1800r + 0.2Y. The government wants to take advantage of growth and increases
its expenditures to: G= 190o. What is Neverland's current account balance?
Note: Type in your answer approximated to two decimal points, i.e., your answer must be of the form "999.99". I will not be able to fix correct answers that were entered
incorrectly, such as "999.999" or "999,99" or "999". In case the last digit in the correct answer is zero, e.g., "999.90" or "999.00", Blackboard will automatically delete it
and you should not do anything about it.
Transcribed Image Text:QUESTION 9 As a result of entering the world economy, Neverland experiences economic boom and its GDP goes up to y=13250: The functions that describe consumption and investment are still the same: cd(r) = 5000 – 1000r +0.25Y and Id (r) = 500 – 1800r + 0.2Y. The government wants to take advantage of growth and increases its expenditures to: G= 190o. What is Neverland's current account balance? Note: Type in your answer approximated to two decimal points, i.e., your answer must be of the form "999.99". I will not be able to fix correct answers that were entered incorrectly, such as "999.999" or "999,99" or "999". In case the last digit in the correct answer is zero, e.g., "999.90" or "999.00", Blackboard will automatically delete it and you should not do anything about it.
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