Use the table below to answer the following questions. Expenditure $B Consumption 1440 Investment 576 Government 720 Exports 288 Imports 144 Marginal propensity to consume is 0.75, marginal propensity to import is 0.15. The equilibrium real GDP is $ The multiplier is billion. If autonomous consumption increases by $240 billion, the new equilibrium real GDP is $ billion.
Use the table below to answer the following questions. Expenditure $B Consumption 1440 Investment 576 Government 720 Exports 288 Imports 144 Marginal propensity to consume is 0.75, marginal propensity to import is 0.15. The equilibrium real GDP is $ The multiplier is billion. If autonomous consumption increases by $240 billion, the new equilibrium real GDP is $ billion.
Chapter9: Aggregate Expenditures
Section: Chapter Questions
Problem 6E
Related questions
Question
do fast.
![Use the table below to answer the following questions.
Expenditure
$B
Consumption
1440
Investment
576
Government
720
Exports
288
Imports
144
Marginal propensity to consume is 0.75, marginal propensity to import is 0.15.
The equilibrium real GDP is $
The multiplier is
billion.
If autonomous consumption increases by $240 billion, the new equilibrium real GDP
is $
billion.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5d279787-fbdf-4f88-890a-3827c3651896%2F620f8207-e942-4509-9a43-3ba678bfde1a%2Fkp3jfpu_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Use the table below to answer the following questions.
Expenditure
$B
Consumption
1440
Investment
576
Government
720
Exports
288
Imports
144
Marginal propensity to consume is 0.75, marginal propensity to import is 0.15.
The equilibrium real GDP is $
The multiplier is
billion.
If autonomous consumption increases by $240 billion, the new equilibrium real GDP
is $
billion.
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Economics:](https://www.bartleby.com/isbn_cover_images/9781285859460/9781285859460_smallCoverImage.gif)
![Macroeconomics: Principles and Policy (MindTap Co…](https://www.bartleby.com/isbn_cover_images/9781305280601/9781305280601_smallCoverImage.gif)
Macroeconomics: Principles and Policy (MindTap Co…
Economics
ISBN:
9781305280601
Author:
William J. Baumol, Alan S. Blinder
Publisher:
Cengage Learning
![MACROECONOMICS](https://www.bartleby.com/isbn_cover_images/9781337794985/9781337794985_smallCoverImage.gif)
![Economics:](https://www.bartleby.com/isbn_cover_images/9781285859460/9781285859460_smallCoverImage.gif)
![Macroeconomics: Principles and Policy (MindTap Co…](https://www.bartleby.com/isbn_cover_images/9781305280601/9781305280601_smallCoverImage.gif)
Macroeconomics: Principles and Policy (MindTap Co…
Economics
ISBN:
9781305280601
Author:
William J. Baumol, Alan S. Blinder
Publisher:
Cengage Learning
![MACROECONOMICS](https://www.bartleby.com/isbn_cover_images/9781337794985/9781337794985_smallCoverImage.gif)
![Economics For Today](https://www.bartleby.com/isbn_cover_images/9781337613040/9781337613040_smallCoverImage.gif)
![MACROECONOMICS FOR TODAY](https://www.bartleby.com/isbn_cover_images/9781337613057/9781337613057_smallCoverImage.gif)
![Principles of Economics 2e](https://www.bartleby.com/isbn_cover_images/9781947172364/9781947172364_smallCoverImage.jpg)
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax