Thank you!!! Use the following information to answer questions 9 and 10.C = 635 + 0.79YdI= 303T = 198If%3DG = 2359. Calculate C.10. Calculate the equilibrium output, Y.

Y = C+I+G Y = [635 + 0.79(Y-T)] + [303] + [235] Y = [635 + 0.79(Y-198)] + [303] + [235] Y = [635 +…

Answered: Use the following information to answer…

Use the following information to answer questions 9 and 10. C = 635 + 0.79Yª I = 303 If T = 198 G = 235 9. Calculate C. 10. Calculate the equilibrium output, Y.

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

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Thank you!!!

Use the following information to answer questions 9 and 10.
C = 635 + 0.79Yd
I= 303
T = 198
If
%3D
G = 235
9. Calculate C.
10. Calculate the equilibrium output, Y.

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