Suppose that autonomous consumption is 1,500, government purchases are 500, planned investment spending is 1,000, net exports are - 250, and the MPC is 0.8. Equilibrium GDP is equal to $ (Enter your response as an integer.)

ENGR.ECONOMIC ANALYSIS
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Suppose that autonomous consumption is 1,500, government purchases are 500, planned investment spending is 1,000, net exports are - 250, and the MPC is 0.8.
Equilibrium GDP is equal to $- (Enter your response as an integer.)
Transcribed Image Text:Suppose that autonomous consumption is 1,500, government purchases are 500, planned investment spending is 1,000, net exports are - 250, and the MPC is 0.8. Equilibrium GDP is equal to $- (Enter your response as an integer.)
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