Given the original $30 billion level of exports, what would be net exports and the equilibrium GDP if imports were $10 ess at each level of GDP? Fill in the gray-shaded cells. (1) (3) Real Domestic Output (GDP = DI), Exports, Billions Billions $150 $200 $250 $300 $350 $400 $450 $500 (2) Aggregate Expenditures, Private Closed Economy, Billions $190 $230 $270 $310 $350 $390 $430 $470 $30 $30 $30 $30 $30 $30 $30 $30 (4) Imports, Billions $10 $10 $10 $10 $10 $10 $10 $10 (5) Net Exports, Billions

Given the original $30 billion level of exports, what would be net exports and the equilibrium GDP if imports were $10 ess at each level of GDP? Fill in the gray-shaded cells. (1) (3) Real Domestic Output (GDP = DI), Exports, Billions Billions $150 $200 $250 $300 $350 $400 $450 $500 (2) Aggregate Expenditures, Private Closed Economy, Billions $190 $230 $270 $310 $350 $390 $430 $470 $30 $30 $30 $30 $30 $30 $30 $30 (4) Imports, Billions $10 $10 $10 $10 $10 $10 $10 $10 (5) Net Exports, Billions

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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