Final answer:
The value of y is calculated by simplifying the equation Y - 0.48Y = 1940 to 0.52Y = 1940, and then dividing both sides by 0.52, resulting in Y = 3730.
Step-by-step explanation:
The value of y in the given algebraic equation can be found by isolating y on one side of the equation. We are given:
Y - 0.48Y = 1940
Combining like terms, we get:
0.52Y = 1940
Dividing both sides by 0.52 gives:
Y = 1940 / 0.52
Doing the division:
Y = 3730
Thus, the value of y is 3730. This framework of solving for y is useful in various fields, including economics, where it can help in predicting impacts on real GDP.