n the below table, C is consumption expenditure, Iis investment, G is government expenditure, and NX is the net exports. All entries are in million dollars. (SHOW THE STEPS OF CALCULATIONS) a) What is the equilibrium level of real GDP? b) What is the slope of the aggregate expenditure function? c) What is the unplanned inventory change when GDP is equal to $2200 million?

ENGR.ECONOMIC ANALYSIS
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n the below table, C is consumption expenditure, Iis investment, G is government expenditure, and NX is the net exports. All entries are in million dollars. (SHOW THE STEPS OF CALCULATIONS)

a)     What is the equilibrium level of real GDP

b)     What is the slope of the aggregate expenditure function? 

c)     What is the unplanned inventory change when GDP is equal to $2200 million? 

Real GDP
C
G
NX
2500
1430
540
400
90
2400
1360
540
400
100
2300
1290
540
400
110
2200
1220
540
400
120
2100
1150
540
400
130
Transcribed Image Text:Real GDP C G NX 2500 1430 540 400 90 2400 1360 540 400 100 2300 1290 540 400 110 2200 1220 540 400 120 2100 1150 540 400 130
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