stion in the table to answer the following questions All numbers are in billions of 2012 dollars Real GDP (Y) $10,000 $11,000 $12,000 $13,000 $14,000 Consumption (C) $8.500 $9,300 $10,100 $10.900 $11.700 Planned Investment (1) $1,000 $1,000 $1,000 $1,000 $1,000 The equilibrium level of GDP is $12000 billion The MPC is 08 (enter your response to two decimal places) Suppose that not exports increase by $200 billion Using the multiplier formula determine the new level of GDP A $200 billion increase in net exports leads to a change in spending of so the new level of GDP will be balon Government Purchases (G) $1,400 $1,400 $1,400 $1,400 $1,400 Net Exports (NX) -$500 -$500 -$500 -$500 -$500

stion in the table to answer the following questions All numbers are in billions of 2012 dollars Real GDP (Y) $10,000 $11,000 $12,000 $13,000 $14,000 Consumption (C) $8.500 $9,300 $10,100 $10.900 $11.700 Planned Investment (1) $1,000 $1,000 $1,000 $1,000 $1,000 The equilibrium level of GDP is $12000 billion The MPC is 08 (enter your response to two decimal places) Suppose that not exports increase by $200 billion Using the multiplier formula determine the new level of GDP A $200 billion increase in net exports leads to a change in spending of so the new level of GDP will be balon Government Purchases (G) $1,400 $1,400 $1,400 $1,400 $1,400 Net Exports (NX) -$500 -$500 -$500 -$500 -$500

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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