Refer to the table. Equilibrium GDP is:GovernmentPurchasesConsumption (aftertaxes)$-20Gross InvestmentNet ExportsReal GDP$15$1010$+5$00.+515102010+515404010+515706010+5151008010+51513010010+515160$40.O $70.O $100.O $130.$160O O O O O

Answered: Image /qna-images/answer/19ef7022-0aa5-47d7-8ecc-19301353092c.jpg

Refer to the table. Equilibrium GDP is: Government Purchases Consumption (after taxes) $-20 Gross Investment Net Exports Real GDP $10 $+5 $15 0. 10 +5 15 10 20 10 +5 15 40 40 10 +5 15 70 60 10 +5 15 100 80 10 +5 15 130 100 10 +5 15 160 $40. O $70. O $100. O $130. O $160

Refer to the table. Equilibrium GDP is: Government Purchases Consumption (after taxes) $-20 Gross Investment Net Exports Real GDP $10 $+5 $15 0. 10 +5 15 10 20 10 +5 15 40 40 10 +5 15 70 60 10 +5 15 100 80 10 +5 15 130 100 10 +5 15 160 $40. O $70. O $100. O $130. O $160

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%

Refer to the table. Equilibrium GDP is:
Government
Purchases
Consumption (after
taxes)
$-20
Gross Investment
Net Exports
Real GDP
$15
$10
10
$+5
$0
0.
+5
15
10
20
10
+5
15
40
40
10
+5
15
70
60
10
+5
15
100
80
10
+5
15
130
100
10
+5
15
160
$40.
O $70.
O $100.
O $130.
$160
O O O O O

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