The table below shows the parameters for the economy of Hutu. Give your answers to one decimal point. C 65+0.6Y XN190 0.1y G=240 I= 155 a. The value of equilibrium income is $ b. If exports were to increase by 35, the new value of equilibrium income would be $ c. Given your answer in part (b), the new value for XN is $ d. Given the equilibrium income in part (a), if full employment income is $1,000, what change in government spending is necessary to move the economy to this level? Government spending needs to (Click to select) by $

The table below shows the parameters for the economy of Hutu. Give your answers to one decimal point. C 65+0.6Y XN190 0.1y G=240 I= 155 a. The value of equilibrium income is $ b. If exports were to increase by 35, the new value of equilibrium income would be $ c. Given your answer in part (b), the new value for XN is $ d. Given the equilibrium income in part (a), if full employment income is $1,000, what change in government spending is necessary to move the economy to this level? Government spending needs to (Click to select) by $

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The table below shows the parameters for the economy of Hutu. Give your answers to one decimal point.
XN190 0.1Y
G = 240
C 65+ 0.6Y
I= 155
a. The value of equilibrium income is $
b. If exports were to increase by 35, the new value of equilibrium income would be $
c. Given your answer in part (b), the new value for XN is $
d. Given the equilibrium income in part (a), if full employment income is $1,000, what change in government spending is necessary to
move the economy to this level?
Government spending needs to [(Click to select) by $
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