1) In the table below, C is consumption expenditure, I is investment, G is government expenditure, and X-M is net exports. All entries are in dollars. Real GDP C I G X-M 1400 1000 400 100 50 1500 500 400 300 300 2000 1000 500 200 200 2100 1100 500 300 100 AE a) Find the Aggregate Expenditure Planned at each level of real GDP in the table above. b) What is the equilibrium level of real GDP.

1) In the table below, C is consumption expenditure, I is investment, G is government expenditure, and X-M is net exports. All entries are in dollars. Real GDP C I G X-M 1400 1000 400 100 50 1500 500 400 300 300 2000 1000 500 200 200 2100 1100 500 300 100 AE a) Find the Aggregate Expenditure Planned at each level of real GDP in the table above. b) What is the equilibrium level of real GDP.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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