The following is information for the economy of Tandor, where taxes are wholly autonomous: C=48+0.8YD where YD= (Y - T) I = 120 a. The value of equilibrium income is $ G = T = 360 XN = 107 - 0.1Y 1,130 b. At equilibrium, the amount of the budget (Click to select) is $ c. If government increased both its spending and taxes by $60. the new equilibrium income would be $ 1,170

The following is information for the economy of Tandor, where taxes are wholly autonomous: C=48+0.8YD where YD= (Y - T) I = 120 a. The value of equilibrium income is $ G = T = 360 XN = 107 - 0.1Y 1,130 b. At equilibrium, the amount of the budget (Click to select) is $ c. If government increased both its spending and taxes by $60. the new equilibrium income would be $ 1,170

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 following is information for the economy of Tandor, where taxes are wholly autonomous:
C = 40 + 0.8YD where Yp = (Y - T)
I = 120
a. The value of equilibrium income is $
G = T = 360
XN = 107 -0.1Y
1,130
b. At equilibrium, the amount of the budget (Click to select) is $
c. If government increased both its spending and taxes by $60, the new equilibrium income would be $
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1,170

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