Fill in the table below to answer the next five questions. Assume that l", G and NX are fixed. Consumption Planned Government Net Exports Change in Aggregate Expenditures (AE) Real GDP (Y) (C) Investment (Ip) Expenditures (G) (NX) Inventories 10000 11000 550 12000 1000 13000 10520 14000 11320 15000 12120 730 The full-employment level of output is $1000 above the current level of output. How much should the government change taxes in order for the new equilibrium to be equal to the full-employment level of output? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a -1000 -250 250 d 1000

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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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
The full-employment level of output is $1000 above the current level of output. How much should the
government change taxes in order for the new equilibrium to be equal to the full-employment level of
output?
Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.
-1000
b
-250
C
250
1000
Transcribed Image Text: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 The full-employment level of output is $1000 above the current level of output. How much should the government change taxes in order for the new equilibrium to be equal to the full-employment level of output? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. -1000 b -250 C 250 1000
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