Answered: The economy of Eastlandia in 2021: .…

The economy of Eastlandia in 2021: . C=2870+ 0.5YD P = 1360 T = TR = G = NX = 0 . The equilibrium real GDP in 2021 is $ Do not enter the $ sign. Round to 2 decimal places if required.

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

The economy of Eastlandia in 2021:
• C=2870+ 0.5YD
1=1360
• T = TR=G=NX = 0
The equilibrium real GDP in 2021 is $
Do not enter the $ sign. Round to 2 decimal places if required.

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