c. Given the original $20 billion level of exports, what would be net exports and the equilibrium GDP if imports were $10 billiongreater at each level of GDP? Fill in the gray-shaded cells.Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) infront of those numbers.(1)(2)(3)(4)(5)(6)AggregateExpenditures,Private ClosedAggregateExpenditures,Open Economy,BillionsReal DomesticOutput (GDP = DI),BillionsExports,BillionsImports,BillionsNet Exports,BillionsEconomy, Billions$350$390$20$404004302040450470204050051020405505502040600590204065063020407006702040Net exports = $billionEquilibrium GDP = $billiond. What is the multiplier in this example?

real Domestic output (GDP = DI) billions Aggregate Expenditure, Private Closed Economy,Billions…

Answered: Net exports = $ |billion Equilibrium…

Business

Economics

Net exports = $ |billion Equilibrium GDP = $ |billion d. What is the multiplier in this example?

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

c. Given the original $20 billion level of exports, what would be net exports and the equilibrium GDP if imports were $10 billion
greater at each level of GDP? Fill in the gray-shaded cells.
Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in
front of those numbers.
(1)
(2)
(3)
(4)
(5)
(6)
Aggregate
Expenditures,
Private Closed
Aggregate
Expenditures,
Open Economy,
Billions
Real Domestic
Output (GDP = DI),
Billions
Exports,
Billions
Imports,
Billions
Net Exports,
Billions
Economy, Billions
$350
$390
$20
$40
400
430
20
40
450
470
20
40
500
510
20
40
550
550
20
40
600
590
20
40
650
630
20
40
700
670
20
40
Net exports = $
billion
Equilibrium GDP = $
billion
d. What is the multiplier in this example?

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