Fill in the missing values in the following table. Assume that the value of the MPC does not change as real GDP changes and that there are zero taxes. (Enter all values as integers.) Real GDP (M) Consumption (C) Planned Investment (I) $13,000 $14,000 $7,800 $8,400 $1,300 Government Purchases (G) $1,300 $1,300 1,300 $15,000 $1,300 1,300 $16,000 $ $1,300 1,300 $17,000 $1,300 1,300 Net Exports (NX) -$325 -$325 -$325 -$325 -$325 Now use the table to find aggregate expenditure and the unplanned change in inventories. Planned Aggregate Real GDP (Y) Consumption (C) Planned Investment (1) Government Purchases (G) Net Exports (NX) Expenditure (AE) Unplanned Change in Inventories $13,000 $7,800 $1,300 $1,300 - $325 $ $14,000 $8,400 $1,300 1,300 - $325 $
Fill in the missing values in the following table. Assume that the value of the MPC does not change as real GDP changes and that there are zero taxes. (Enter all values as integers.) Real GDP (M) Consumption (C) Planned Investment (I) $13,000 $14,000 $7,800 $8,400 $1,300 Government Purchases (G) $1,300 $1,300 1,300 $15,000 $1,300 1,300 $16,000 $ $1,300 1,300 $17,000 $1,300 1,300 Net Exports (NX) -$325 -$325 -$325 -$325 -$325 Now use the table to find aggregate expenditure and the unplanned change in inventories. Planned Aggregate Real GDP (Y) Consumption (C) Planned Investment (1) Government Purchases (G) Net Exports (NX) Expenditure (AE) Unplanned Change in Inventories $13,000 $7,800 $1,300 $1,300 - $325 $ $14,000 $8,400 $1,300 1,300 - $325 $
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Fill in the missing values in the following table. Assume that the value of the MPC does not change as real GDP changes and that there are zero taxes. (Enter all values as integers.)
Real GDP
(M)
Consumption
(C)
Planned
Investment (I)
$13,000
$14,000
$7,800
$8,400
$1,300
Government
Purchases (G)
$1,300
$1,300
1,300
$15,000
$1,300
1,300
$16,000
$
$1,300
1,300
$17,000
$1,300
1,300
Net
Exports (NX)
-$325
-$325
-$325
-$325
-$325
Now use the table to find aggregate expenditure and the unplanned change in inventories.
Planned Aggregate
Real GDP
(Y)
Consumption
(C)
Planned
Investment (1)
Government
Purchases (G)
Net Exports
(NX)
Expenditure (AE)
Unplanned
Change in
Inventories
$13,000
$7,800
$1,300
$1,300
- $325
$
$14,000
$8,400
$1,300
1,300
- $325
$
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