a) Find aggregate planned expenditure for each level of real GDP. b) What is the equilibrium level of real GDP?

Essentials Of Business Analytics
1st Edition
ISBN:9781285187273
Author:Camm, Jeff.
Publisher:Camm, Jeff.
Chapter3: Data Visualization
Section: Chapter Questions
Problem 2P: The following table shows an example of gross domestic product values for five countries from 2005...
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Real GDP
C
I
G
3. The above table gives information
for the nation of North Hampton. There
are no imports to or exports from North
Hampton.
a) Find aggregate planned expenditure
for each level of real GDP.
b) What is the equilibrium level of
real GDP?
(billions of (billions of
(billions of (billions of
2000 dollars) 2000 dollars) 2000 dollars) 2000 dollars)
100
150
150
150
150
200
200
150
300
250
150
150
400
300
150
150
500
350
150
150
600
400
150
150
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150
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150
Transcribed Image Text:Real GDP C I G 3. The above table gives information for the nation of North Hampton. There are no imports to or exports from North Hampton. a) Find aggregate planned expenditure for each level of real GDP. b) What is the equilibrium level of real GDP? (billions of (billions of (billions of (billions of 2000 dollars) 2000 dollars) 2000 dollars) 2000 dollars) 100 150 150 150 150 200 200 150 300 250 150 150 400 300 150 150 500 350 150 150 600 400 150 150 700 450 150 150 800 500 150 150 900 550 150 150
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