1) In the table below, C is consumption expenditure, I is investment, G is government expenditure, and X-M is net exports. All entries are in dollars. Real GDP C I G X-M 1400 1000 400 100 50 1500 500 400 300 300 2000 1000 500 200 200 2100 1100 500 300 100 AE a) Find the Aggregate Expenditure Planned at each level of real GDP in the table above. b) What is the equilibrium level of real GDP.

1) In the table below, C is consumption expenditure, I is investment, G is government expenditure, and X-M is net exports. All entries are in dollars. Real GDP C I G X-M 1400 1000 400 100 50 1500 500 400 300 300 2000 1000 500 200 200 2100 1100 500 300 100 AE a) Find the Aggregate Expenditure Planned at each level of real GDP in the table above. b) What is the equilibrium level of real GDP.

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter9: Aggregate Demand

Section: Chapter Questions

Problem 4.8P

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