27 28 29 30 31 32 33 34 35 QUESTION 34 10 points Save Answer Assume that the consumption function for a private open economy, Azania, is such that C = 50 + 0.8Y. Also assume further that planned investment Ig and net exports Xn as well as G are respectively 30, 10, and 100 million respectively, calculate (a) the equilibrium income and (b) total consumption for this economy. Suppose the economy achieved Xn = 0, how much have (c) income and (d) consumption changed? Recall the real output Y in the economy equals C + Ig + G + Xn. Show all steps. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt V V A V TX ... E E X2 X2 STT ABC V $1 77 X EX TT {} ? +