if investment spending at each level of output increases by $120 billion, what will equilibrium output and income be?

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter3: Demand And Supply
Section: Chapter Questions
Problem 47CTQ: Agricultural price supports result in governments holding large inventories of agricultural...
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if investment spending at each level of output increases by $120 billion, what will equilibrium output and income be?

Given the following table, which level of
output is the equilibrium level?
$ 7,700
B
$ 8,000
C
$ 8,300
$ 8,600
E
$ 8,900
Output Consumption Investment Government Export
(Income) Spending
Import
Spending Spending Spending
Spending
$7,700
$8,000
$8,300
$8,600
$8,900
$1,100
$1,100
$1,100
$1,100
$1,100
$1,300
$1,300
$1,500
$1,500
$1,500
$1,500
$1,500
$1,000
$1,000
$1,000
$1,000
$1,000
$5,240
$5,420
$5,600
$5,780
$5,960
$1,300
$1,300
$1,300
A
Transcribed Image Text:Given the following table, which level of output is the equilibrium level? $ 7,700 B $ 8,000 C $ 8,300 $ 8,600 E $ 8,900 Output Consumption Investment Government Export (Income) Spending Import Spending Spending Spending Spending $7,700 $8,000 $8,300 $8,600 $8,900 $1,100 $1,100 $1,100 $1,100 $1,100 $1,300 $1,300 $1,500 $1,500 $1,500 $1,500 $1,500 $1,000 $1,000 $1,000 $1,000 $1,000 $5,240 $5,420 $5,600 $5,780 $5,960 $1,300 $1,300 $1,300 A
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