ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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K
The following equations describe consumption, investment, government spending, taxes, and net exports in the country of Economika.
In Economika, equilibrium GDP is equal to $. (Round your asnwer the nearest dollar.)
If real GDP in Economika is currently $4,850, which of the following is true?
A. There will be an unplanned decrease in inventories, and real GDP will increase next period.
OB. There will be an unplanned increase in inventories, and real GDP will increase next period.
OC. There will be an unplanned decrease in inventories, and real GDP will decrease next period.
O D. There will be an unplanned increase in inventories, and real GDP will decrease next period.
OE. There will be no unplanned change in inventories, and real GDP will stay the same next period.
C=200+0.80(Y-T)
1=400
G=350
T=350
X = 100
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Transcribed Image Text:K The following equations describe consumption, investment, government spending, taxes, and net exports in the country of Economika. In Economika, equilibrium GDP is equal to $. (Round your asnwer the nearest dollar.) If real GDP in Economika is currently $4,850, which of the following is true? A. There will be an unplanned decrease in inventories, and real GDP will increase next period. OB. There will be an unplanned increase in inventories, and real GDP will increase next period. OC. There will be an unplanned decrease in inventories, and real GDP will decrease next period. O D. There will be an unplanned increase in inventories, and real GDP will decrease next period. OE. There will be no unplanned change in inventories, and real GDP will stay the same next period. C=200+0.80(Y-T) 1=400 G=350 T=350 X = 100
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