E2 The data in the table below are for the economy of Nubia.a. Complete the AE column.Y0100200300400T6065707580YD-6035130225320T =C =XN =AE =с2570S-85-351151516065205 115I6565656565G8585X1201208512085 12085120(Click to select) ✓(Click to select)(Click to select) ✓(Click to select) ✓IM406080100120XN8060(Click to select) ✓(Click to select) ✔(Click to select)(Click to select) ✓40200b. Write out expressions for the tax function, the consumption function (related to national income [Y]), the net export function, and theAE function. Round your answers to 2 decimal places.AE255280305330335c. Use algebra to find out the value of equilibrium income. Round your answer to the nearest whole dollar.Equilibrium income is $

Aggregate Expenditure (AE) equals to consumption (C) + investment (I) + government expenditure (G) +…

The data in the table below are for the economy of Nubia. a. Complete the AE column. Y 0 100 200 300 400 T 60 65 70 75 80 YD -60 35 130 115 225 160 320 205 T = C = XN = AE = C 25 70 -35 15 65 115 S -85 I 65 65 65 65 65 (Click to select) ✓ (Click to select) (Click to select) (Click to select) G 85 85 X 120 120 85 120 85 120 85 120 IM 40 60 80 100 120 XN 80 60 b. Write out expressions for the tax function, the consumption function (related to national income [Y]), the net export function, and the AE function. Round your answers to 2 decimal places. (Click to select) ✓ (Click to select) ✓ (Click to select) (Click to select) 40 20 AE 255 280 305 330 335 c. Use algebra to find out the value of equilibrium income. Round your answer to the nearest whole dollar. Equilibrium income is $

The data in the table below are for the economy of Nubia. a. Complete the AE column. Y 0 100 200 300 400 T 60 65 70 75 80 YD -60 35 130 115 225 160 320 205 T = C = XN = AE = C 25 70 -35 15 65 115 S -85 I 65 65 65 65 65 (Click to select) ✓ (Click to select) (Click to select) (Click to select) G 85 85 X 120 120 85 120 85 120 85 120 IM 40 60 80 100 120 XN 80 60 b. Write out expressions for the tax function, the consumption function (related to national income [Y]), the net export function, and the AE function. Round your answers to 2 decimal places. (Click to select) ✓ (Click to select) ✓ (Click to select) (Click to select) 40 20 AE 255 280 305 330 335 c. Use algebra to find out the value of equilibrium income. Round your answer to the nearest whole dollar. Equilibrium income is $

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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