At the equilibrium level of GDP in the table below, injections equal to?Leave your answer in RM trillion. *(trillions of Ringgit)PlannedRealGDP Taxes(Y) (NT) (Y- NT)DisposableIncomePlannedsumption Saving Investment Purchases(1)Con-GovernmentAggregateExpenditures(X-M) C+1+G+(X-M)NetNetExports(C)(S)(G)5.01.04.03.90.11.01.0-0.75.25.51.04.54.30.21.01.0-0.75.66.01.05.04.70.31.01.0-0.76.06.51.05.55.10.41.01.0-0.76.47.01.06.05.50.51.01.0-0.76.8Your answer

GDP is the value of all final goods and services produced in an economy. Real GDP is the value of…

At the equilibrium level of GDP in the table below, injections equal to? Leave your answer in RM trillion. * (trillions of Ringgit) Planned Real GDP Taxes (Y) (NT) Disposable Con- Planned Government Aggregate Expenditures (X-M) C+1+G+ (X-M) Net Net Income sumption Saving Investment Purchases Exports (Y-NT) (C) (S) (1) (G) 5.0 1.0 4.0 3.9 0.1 1.0 1.0 -0.7 5.2 5.5 1.0 4.5 4.3 0.2 1.0 1.0 -0.7 5.6 6.0 1.0 5.0 4.7 0.3 1.0 1.0 -0.7 6.0 6.5 1.0 5.5 5.1 0.4 1.0 1.0 -0.7 6.4 7.0 1.0 6.0 5.5 0.5 1.0 1.0 -0.7 6.8 Your answer

At the equilibrium level of GDP in the table below, injections equal to? Leave your answer in RM trillion. * (trillions of Ringgit) Planned Real GDP Taxes (Y) (NT) Disposable Con- Planned Government Aggregate Expenditures (X-M) C+1+G+ (X-M) Net Net Income sumption Saving Investment Purchases Exports (Y-NT) (C) (S) (1) (G) 5.0 1.0 4.0 3.9 0.1 1.0 1.0 -0.7 5.2 5.5 1.0 4.5 4.3 0.2 1.0 1.0 -0.7 5.6 6.0 1.0 5.0 4.7 0.3 1.0 1.0 -0.7 6.0 6.5 1.0 5.5 5.1 0.4 1.0 1.0 -0.7 6.4 7.0 1.0 6.0 5.5 0.5 1.0 1.0 -0.7 6.8 Your answer

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter11: Managing Aggregate Demand: Fiscal Policy

Section: Chapter Questions

Problem 1DQ

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Real Disp. Consmp. Income Spending Saving Invst Plnd Plnd Govt Net Plnd Exp. Export Exp. 10.8 GDP Tax 10 6.8 1.2 1.5 2 0.5 11 7.6 1.4 1.5 0.5 11.6 12 10 8.4 1.6 1.5 2 0.5 12.4 13 2 11 9.2 1.8 1.5 2 0.5 13.2 14 12 10.0 2.0 1.5 0.5 14.0 15 13 10.8 2.2 1.5 0.5 148 16 14 11.6 2.4 1.5 2 0.5 15.6 Note: Amounts in billions. Refer to the above table. The equilibrium real GDP is $15 billion. $14 billion. $13 billion. $12 billion.