21. Given the following macroeconomic data of a hypothetic economy:C = 175 + 0.75(DI)| = 50G = 35X = 30%3DM = 45T = 35Compute the equilibrium GDP of this hypothetic economy.none of the answers given is correct$850$925$900$950 22. Using the macroeconomic data in #21 above and assuming a full employmenteconomic output of $800. The economy's is experiencing a/an _ GDP gap; and that theto close up such gap.government should(increase or decrease) spending of.recessionary ; increase ; $18.75cannot be computed based on information providedrecessionary ; increase ; $300inflationary ; decrease ; $300inflationary ; decrease ; $18.75

Since you have posted multiple question, as per guideline we will solve only first question. Given…

21. Given the following macroeconomic data of a hypothetic economy: C = 175 + 0.75(DI) | = 50 G = 35 X = 30 M = 45 T = 35 Compute the equilibrium GDP of this hypothetic economy. none of the answers given is correct $850 $925 $900 $950

21. Given the following macroeconomic data of a hypothetic economy: C = 175 + 0.75(DI) | = 50 G = 35 X = 30 M = 45 T = 35 Compute the equilibrium GDP of this hypothetic economy. none of the answers given is correct $850 $925 $900 $950

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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