Answered: Government Income Consumption…

Government Income Consumption Investment Purchases Net Exports 1800 1610 120 60 20 1850 1655 120 60 20 1900 1700 120 60 20 1950 1745 120 60 20 2000 1790 120 60 20 2050 1835 120 60 20

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

100%

Based on the chart in question 8.06, if investment rises from $120 to $130 and the price level is fixed. By how much will the equilibrium real GDP increase?

Government
Income Consumption Investment Purchases Net Exports
1800
1610
120
60
20
1850
1655
120
60
20
1900
1700
120
60
20
1950
1745
120
60
20
2000
1790
120
60
20
2050
1835
120
60
20
Resubmit
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question, click here.
ЕОC 8.7
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Unanswered •1 attempt left
Based on the chart in question 8.06, if
investment rises from $120 to $130 and
the price level is fixed. By how much will
the equilibrium real GDP increase?

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