3. The equations below show some macroeconomic information for the economy of Nightwing. All autonomousvalues are in billions of dollars.C = 94 + 0.90YDT-15+013Y should be T = 26 + 0.13Y If you submitted using the old one, then let me know.|= 140G = 198.5XN= 120 - 0,19YNotice that the consumption function (C) is written in terms of disposable income (Yo). You will need to do a bit ofsubstitution to get rid of the Yoand replace it with Y.A. The value of equilibrium national income is $billion. Hint: this will be a whole number. No roundingrequired.B. At equilibrium national income, the government will have a budget• of $billion. Hint: thisvalue will have exactly one decimal point. Do not round.

Given: C=94+0.90Y0T=26+0.13YI=140G=198.5XN=120-0.19Y

The equations below show some macroeconomic information for the economy of Nightwing. All autonomous values are in billions of dollars. C = 94 + 0.90YD T-16+0.13Y should be T = 26 + 0.13Y If you submitted using the old one, then let me know. | = 140 G = 198.5 XN= 120 - 0.19Y Notice that the consumption function (C) is written in terms of disposable income (Yp). You will need to do a bit of substitution to get rid of the Yoand replace it with Y. A. The value of equilibrium national income is $ billion. Hint: this will be a whole number. No rounding required. B. At equilibrium national income, the government will have a budget e of $ billion. Hint: this value will have exactly one decimal point. Do not round.

The equations below show some macroeconomic information for the economy of Nightwing. All autonomous values are in billions of dollars. C = 94 + 0.90YD T-16+0.13Y should be T = 26 + 0.13Y If you submitted using the old one, then let me know. | = 140 G = 198.5 XN= 120 - 0.19Y Notice that the consumption function (C) is written in terms of disposable income (Yp). You will need to do a bit of substitution to get rid of the Yoand replace it with Y. A. The value of equilibrium national income is $ billion. Hint: this will be a whole number. No rounding required. B. At equilibrium national income, the government will have a budget e of $ billion. Hint: this value will have exactly one decimal point. Do not round.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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