MACROECONOMICS The data in the table below are for the economy of Nubia. a). Com
ID: 1140759 • Letter: M
Question
MACROECONOMICS
The data in the table below are for the economy of Nubia.
a). Complete the AE column.
Y
T
YD
C
S
I
G
X
IM
XN
AE
0
60
60
20
80
65
80
105
60
45
100
70
30
70
40
65
80
105
70
35
200
80
120
120
0
65
80
105
80
25
300
90
210
170
40
65
80
105
90
15
400
100
300
220
80
65
80
105
100
5
b. Write out expressions for the tax function, the consumption function (related to national income [Y]), the net export function, and the AE function. Round your answers to 2 decimal places.
T = _____ + OR - _______ C or G or S or Y ?
C = _____ + OR - _______ C or G or S or Y ?
XN = _____ + OR - _______ C or G or S or Y ?
AE = _____ + OR - _______ C or G or S or Y ?
c) Use algebra to find out the value of equilibrium income. Round your answer to the nearest whole dollar.
Equilibrium income is $_________ .
Y
T
YD
C
S
I
G
X
IM
XN
AE
0
60
60
20
80
65
80
105
60
45
100
70
30
70
40
65
80
105
70
35
200
80
120
120
0
65
80
105
80
25
300
90
210
170
40
65
80
105
90
15
400
100
300
220
80
65
80
105
100
5
| | (Click to select) Click to select) T = | / | | (Click to select) XN = | | | (Click to select) ] | S AE = | | |(Click to select)Explanation / Answer
a)AE stands for Aggregate Expenditure.To find AE we have to follow the equation AE=C+I+G+NX.
The values for AE are 210, 250,290,330,370
b)Since Yd =Y-T=>Yd-Y=-T.......SO T=Yd - Y
C=YD-S
XN = X-IM
AE=C+I+G+NX.
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