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I need a detailed explanation of how the value was derived. Do Homework - Anthony Georges Karam - Google Chrome - X mathxl.com/Student/PlayerHomework.aspx?homeworkld=559499877&questionld=1&flushed=false&cld=59259428centerwin=yes Eco202-Spring 2020

I need a detailed explanation of how the value was derived.

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Do Homework - Anthony Georges Karam - Google Chrome - X mathxl.com/Student/PlayerHomework.aspx?homeworkld=559499877&questionld=1&flushed=false&cld=59259428centerwin=yes Eco202-Spring 2020 Anthony Georges Karam & | 05/14/20 1:00 PM Homework: HOMEWORK 6 CHAPTER 24 Save Score: 0 of 1 pt 3 of 7 (7 complete) HW Score: 53.81%, 3.77 of 7 pts X Text Problem 1.3c Question Help Assume that in 2015, the following prevails in the Republic of Nurd: Government spending (G) = $0 Net taxes (T) = $0 Planned investment (1 ) = $30 Assume that households of Nurd consume 80 percent of their income; they save 20 percent of their income. In other words, their MPC = 0.80 and MPS = 0.20. Thus, the consumption function and saving function of Nurd are: C = 0.80Y and S = 0.20Ya, where disposable income Ya = Y - T Currently, the economy of Nurd is in equilibrium. As the leading econometrician of Nurd, you have estimated the full-employment level of income for the economy to be $250. Calculate the adjustment in government spending, if any, to achieve full employment in Nurd. AG = $ 20.0 . (Round your response to one decimal place and include a minus sign if necessary.) Question is complete. Tap on the red indicators to see incorrect answers. ? All parts showing O i 1:01 PM 5/14/2020

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