Use the following equations for exercises 16-18. C= $100 + .8Y I = $200 G = $250 X = $100 – .2Y 16. What is the equilibrium level of real GDP? 17. What is the new equilibrium level of real GDP if government spending increases by $150? 18. What is the new equilibrium level of real GDP if government spending and taxes both increase by $150?
Use the following equations for exercises 16-18. C= $100 + .8Y I = $200 G = $250 X = $100 – .2Y 16. What is the equilibrium level of real GDP? 17. What is the new equilibrium level of real GDP if government spending increases by $150? 18. What is the new equilibrium level of real GDP if government spending and taxes both increase by $150?
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter18: Debates In Macroeconomics Over The Role And Effects Of Government
Section: Chapter Questions
Problem 1WNG
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Question
![Use the following equations for exercises 16-18.
C = $100 + .8Y
I = $200
G = $250
X = $100 – .2Y
16. What is the equilibrium level of real GDP?
17. What is the new equilibrium level of real GDP
if government spending increases by $150?
18. What is the new equilibrium level of real GDP if
government spending and taxes both increase by $150?
B
the cnonding and tax revenue](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2f7e8d3b-1536-458e-bc71-420350d0b4c2%2Ff12631bb-35d9-4fbe-a298-afa2d415ea57%2Fkadup5f_processed.png&w=3840&q=75)
Transcribed Image Text:Use the following equations for exercises 16-18.
C = $100 + .8Y
I = $200
G = $250
X = $100 – .2Y
16. What is the equilibrium level of real GDP?
17. What is the new equilibrium level of real GDP
if government spending increases by $150?
18. What is the new equilibrium level of real GDP if
government spending and taxes both increase by $150?
B
the cnonding and tax revenue
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