Illustrate what is the change in taxes cause by an increase

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Q. Suppose the Canadian dollar (C$) price of one British pound is C$2.12. A hotel room in London costs 120 pounds, while a similar hotel room in Toronto costs C$250. In which city is the hotel room cheaper, and by how much?

Q. Suppose that tax and aggregate expenditur income for an economy are as follow:

- T=15 + 0.25Y
- AE= 1065 + 0.6Y

Illustrate what is the change in taxes cause by an increase in government spending of 8?

Reference no: EM1347797

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