Fill in the table below to answer the next five questions. Assume that l", G and NX are fixed. Consumption Planned Government Net Exports Aggregate Change in Real GDP (Y) (C) Investment (Ip) Expenditures (G) (NX) Expenditures (AE) Inventories 10000 11000 550 12000 1000 13000 10520 14000 11320 15000 12120 730 You are told that the aggregate level of taxes is equal to 50. What is the value of autonomous consumption? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 160 180 C 140 d. 200

Fill in the table below to answer the next five questions. Assume that l", G and NX are fixed. Consumption Planned Government Net Exports Aggregate Change in Real GDP (Y) (C) Investment (Ip) Expenditures (G) (NX) Expenditures (AE) Inventories 10000 11000 550 12000 1000 13000 10520 14000 11320 15000 12120 730 You are told that the aggregate level of taxes is equal to 50. What is the value of autonomous consumption? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 160 180 C 140 d. 200

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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