Consider an economy of a nation that has the following aggregate expenditure. 1300- 1040- 780- 520- AE 260 Y= AE 130 280 380 520 650 78o gło 1040 1170 1300 Real GDP Note: Please make sure your final answers are accurate to 2 decimal places. a) What is the value of the equilibrium national real GDP? Equlibrium = S0 Aggregate expenditures

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Consider an economy of a nation that has the following aggregate expenditure.
1300-
1040-
780-
520-
AE
260
Y = AE
260
390
520 650
780 9ło
1040 1170 1300
130
Real GDP
Note: Please make sure your final answers are accurate to 2 decimal places.
a) What is the value of the equilibrium national real GDP?
Equilibrium = $0
b) What is the value of the multiplier?
Multiplier = 0
c) If the autonomous consumption were to decrease by $520, what would be the new value of equilibrium real GDP?
New equilibrium = S0
Aggregate expenditures
Transcribed Image Text:Consider an economy of a nation that has the following aggregate expenditure. 1300- 1040- 780- 520- AE 260 Y = AE 260 390 520 650 780 9ło 1040 1170 1300 130 Real GDP Note: Please make sure your final answers are accurate to 2 decimal places. a) What is the value of the equilibrium national real GDP? Equilibrium = $0 b) What is the value of the multiplier? Multiplier = 0 c) If the autonomous consumption were to decrease by $520, what would be the new value of equilibrium real GDP? New equilibrium = S0 Aggregate expenditures
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