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Real GDP C 177 170 163 142 250 240 230 200 100 I 54 54 54 54 72 54 The above table shows the real aggregate expenditure schedule at a given price level (that is, in constant dollars). C is consumption expenditure, I is investment, G is government purchases, and NX is net exports. Consumption and import are linear functions of real GDP (that is, their slopes are constant). There is no tax. In the above table, the equilibrium aggregate expenditure is G 44 44 44 44 44 NX -25 -24 -23 -20 -10

Real GDP C 177 170 163 142 250 240 230 200 100 I 54 54 54 54 72 54 The above table shows the real aggregate expenditure schedule at a given price level (that is, in constant dollars). C is consumption expenditure, I is investment, G is government purchases, and NX is net exports. Consumption and import are linear functions of real GDP (that is, their slopes are constant). There is no tax. In the above table, the equilibrium aggregate expenditure is G 44 44 44 44 44 NX -25 -24 -23 -20 -10

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Real GDP C I 177 54 170 54 163 54 142 54 72 54 The above table shows the real aggregate expenditure schedule at a given price level (that is, in constant dollars). C is consumption expenditure, I is investment, G is government purchases, and NX is net exports. Consumption and import are linear functions of real GDP (that is, their slopes are constant). There is no tax. In the above table, the equilibrium aggregate expenditure is 250 240 230 200 100 1) 240. 2) 200. 3) 244. G 44 44 44 44 44 4) 250. NX -25 -24 -23 -20 -10
Transcribed Image Text:Real GDP C I 177 54 170 54 163 54 142 54 72 54 The above table shows the real aggregate expenditure schedule at a given price level (that is, in constant dollars). C is consumption expenditure, I is investment, G is government purchases, and NX is net exports. Consumption and import are linear functions of real GDP (that is, their slopes are constant). There is no tax. In the above table, the equilibrium aggregate expenditure is 250 240 230 200 100 1) 240. 2) 200. 3) 244. G 44 44 44 44 44 4) 250. NX -25 -24 -23 -20 -10
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