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- Hou are loohing a doctor a tailor, The farmer ond 30% of the at a Closed handymany the handymaa 0tput,while with a farmera and Use farmer's the doctor the tailor Use Snd 20'% of the farmerls output. The handymanthe famer, and the tailor uses 20O% of the handyman's atput, while the doctor uses 40 % the handyman's output, The tailr and the 30%% of the tailor's autput, while of the 20% of the doctor use the handyroan ond O tailor's output. The doctor doctor's output, the famer uses doctor's autpt nd the hardyman nd tailor exch farmer Use 20Yo uses. 30% of the Use 259% of the dortars OHOH. The doctors income/expense to this econimy is $54,000? Create a model or the econcmy- What is the handyman's income? what is the tailor's income? what is the farmerls Income?Explain what asylm seeker idEdna is living in a retirement home where home where most of her needs are taken care of, but she has some discretionary spending. Based on the basket of goods in Table 22.5, by what percentage does Ednas cost of living increase between time 1 and time 2