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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Principles Of Macroeconomics

ISBN: 9780226818399

8th Edition

Authors: Sayre, J.E.; Morris, A.J.

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