The table below shows the parameters for the economy of Hutu. C = 70 + 0.6Y XN = 150 -0.1Y I = 140 G = 240 a. The value of equilibrium income is $ 1200 b. If exports were to increase by 90, the new value of equilibrium income would be $ 1380 C. Given your answer in part (b), the new value for XN is $ 102 d. Given the equilibrium income in part (a), if full employment income is $925, what change in government spending is necessary to move the economy to this level? Government spending needs to increase v by $ 1375

The table below shows the parameters for the economy of Hutu. C = 70 + 0.6Y XN = 150 -0.1Y I = 140 G = 240 a. The value of equilibrium income is $ 1200 b. If exports were to increase by 90, the new value of equilibrium income would be $ 1380 C. Given your answer in part (b), the new value for XN is $ 102 d. Given the equilibrium income in part (a), if full employment income is $925, what change in government spending is necessary to move the economy to this level? Government spending needs to increase v by $ 1375

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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