Answered: 13. 14. If government spending…

13. 14. If government spending increases by $15, what is the new equilibrium level of real GDP? What are - the equations for the consumption, net

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Use the information in the following table to do
exercises 8-15:
Y
$100
$300
$500
$700
C
5120
$300
$480
$660
$20
$20
G
$30
$30
$30
$30
$10
$10
$30
$50

13. hat
14. If government spending increases by $15, what is the
new equilibrium level of real GDP?
15. What are the equations for the consumption, net
exports, and aggregate expenditures functions?

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