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11. Review the information in the table and use it to answer the two questions that follow. (x) (XN( CGX) (AE) (Y) 0 100 200

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Answer #1

Answer 11.a. The equilibrium point is where Y=AE=600.

Injections= I+G+X= 75+160+100=$335

Leakages=S+M+T=55+100+180= $335

Hence, at equilibrium, Injections=Leakages=$335

Answer 11.b. When income rises, consumers demand rises, since the economy is open, this demand is met by imports. So when income rises, imports rises. In the table we can see when income rises from 100 to 200, Import rises from 50 to 60.

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