7 The data in the table below are for the economy of Nubia.a. Complete the AE column.Y100200300400T6865707588YD-60B5130225320C2570115160205T=C=XN =AE -S-85-351565115H656565(Click to select)(Click to select)(Click to select)(Click to select)6565G២ ២ ២ ២ ២8585X~~85 1208585120120IM406080120 100120120XN7 8 8 8 8 9(Click to select) M(Click to select)80604020b. 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.0AE(Click to select)(Click to select)c. Use algebra to find out the value of equilibrium income. Round your answer to the nearest whole dollar.Equilibrium income is $7 of 44Next >

Aggregate Expenditure (AE) equals 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 1 100 208 300 400 T 60 65 70 75 80 YD -60 35 130 225 320 C T = C = XN = AE = 25 70 115 160 205 005 -85 -35 15 65 115 H 65 65 65 65 (Click to select) (Click to select) (Click to select) (Click to select) G 85 00 00 85 85 85 85 X 120 120 120 120 120 T 5 8 8 8 8 5 IM 40 60 80 100 120 XN 80 60 40 20 HE e 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. AE (Click to select) (Click to select) (Click to select) (Click to select) 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 1 100 208 300 400 T 60 65 70 75 80 YD -60 35 130 225 320 C T = C = XN = AE = 25 70 115 160 205 005 -85 -35 15 65 115 H 65 65 65 65 (Click to select) (Click to select) (Click to select) (Click to select) G 85 00 00 85 85 85 85 X 120 120 120 120 120 T 5 8 8 8 8 5 IM 40 60 80 100 120 XN 80 60 40 20 HE e 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. AE (Click to select) (Click to select) (Click to select) (Click to select) 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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Question

The data in the table below are for the economy of Nubia.
a. Complete the AE column.
Y
100
200
300
400
T
68
65
70
75
88
YD
-60
B5
130
225
320
C
25
70
115
160
205
T=
C=
XN =
AE -
S
-85
-35
15
65
115
H
65
65
65
(Click to select)
(Click to select)
(Click to select)
(Click to select)
65
65
G
២ ២ ២ ២ ២
85
85
X~~
85 120
85
85
120
120
IM
40
60
80
120 100
120
120
XN
7 8 8 8 8 9
(Click to select) M
(Click to select)
80
60
40
20
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.
0
AE
(Click to select)
(Click to select)
c. Use algebra to find out the value of equilibrium income. Round your answer to the nearest whole dollar.
Equilibrium income is $
7 of 44
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Step 1: Define Aggregate Expenditure:

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