13. (LO 4) Table 6.15 provides information for the economy of Zawi a) What is the value...
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13. (LO 4) Table 6.15 provides information for the economy of Zawi
a) What is the value of equilibrium income?
b) Set up a balancing row to verify your calculations (the tax equation is T = 60 + 0.2Y and X = 200).
Y AE
c) If exports decrease by 50, what is the new equilibrium income?
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