Macroeconomics, Student Value Edition Plus MyEconLab with Pearson eText Access Card Package
Macroeconomics, Student Value Edition Plus MyEconLab with Pearson eText Access Card Package
6th Edition
ISBN: 9780134439839
Author: R. Glenn Hubbard, Anthony Patrick O'Brien
Publisher: PEARSON
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Chapter 10, Problem 10.1.8PA

Sub part (a):

To determine

Calculating Real GDP (Gross Domestic Product).

Sub part (b):

To determine

Calculating average annual growth.

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17. Given that C=$700+0.8Y, I=$300, G=$600, what is Y if Y=C+I+G?
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