The following equations describe consumption, investment, government spending, taxes, and net exports in the country of Economika. C=400+0.90(Y-T) In Economika, equilibrium GDP is equal to $ (Round your asnwer the nearest dollar.) If real GDP in Economika is currently $11,050, which of the following is true? A. There will be an unplanned increase in inventories, and real GDP will increase next period. OB. There will be an unplanned decrease in inventories, and real GDP will increase next period. O C. There will be an unplanned decrease in inventories, and real GDP will decrease next period. D. There will be an unplanned increase in inventories, and real GDP will decrease next period. O E. There will be no unplanned change in inventories, and real GDP will stay the same next period. 1=500 G=550 T=550 X=50
The following equations describe consumption, investment, government spending, taxes, and net exports in the country of Economika. C=400+0.90(Y-T) In Economika, equilibrium GDP is equal to $ (Round your asnwer the nearest dollar.) If real GDP in Economika is currently $11,050, which of the following is true? A. There will be an unplanned increase in inventories, and real GDP will increase next period. OB. There will be an unplanned decrease in inventories, and real GDP will increase next period. O C. There will be an unplanned decrease in inventories, and real GDP will decrease next period. D. There will be an unplanned increase in inventories, and real GDP will decrease next period. O E. There will be no unplanned change in inventories, and real GDP will stay the same next period. 1=500 G=550 T=550 X=50
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:The following equations describe consumption, investment, government spending, taxes, and net exports in the country of Economika.
C=400+0.90(Y-T)
In Economika, equilibrium GDP is equal to $ (Round your asnwer the nearest dollar.)
If real GDP in Economika is currently $11,050, which of the following is true?
A. There will be an unplanned increase in inventories, and real GDP will increase next period.
OB. There will be an unplanned decrease in inventories, and real GDP will increase next period.
O C. There will be an unplanned decrease in inventories, and real GDP will decrease next period.
D. There will be an unplanned increase in inventories, and real GDP will decrease next period.
O E. There will be no unplanned change in inventories, and real GDP will stay the same next period.
1=500
G=550
T=550
X=50
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