-The Above Table Gives Information for the Nation of East
Question 298
Question 298
Essay
Real GDP, Y dollars) 2004006008001,0001,2001,4001,6001,800 Consumption expenditure, C dollars) 2604205807409001,0601,2201,3801,540 Government (billionvestment, I dollars) 100100100100100100100100100 expenditure, G dollars) 100100100100100100100100100 Exports, X (b) 2005 (billions of 2005 (billions of 2005 (billions of 2005 (billions of 2005 dollars) 2005 dollars) 505050505050505050 Imports, M (billions of 7090110130150170190210230 -The above table gives information for the nation of East Hampton. a. Find aggregate planned expenditure for each level of real GDP. b. What is the MPC? c. What is the equilibrium level of real GDP?
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