e the information in the lable to answer the folowing queslions. All numbers are in bilons of 2012 Govemment Purchases (G) Net Eaports (NK) -5500 1500 Pianned Censumption (C) 0.500 $10.250 $11.000 $11.750 $12.500 Real GDP (Y) Investment $1.000 $1.000 $12.000 $13.000 $14.000 $15.000 $16.000 $2.500 $2.600 $1.000 $1.000 $1.000 500 -$500 500 $2.500 2.500 The equum level of GOPisbion The MPC is (enter your reponse to two decimal places) Buppose that net exports increase by $200 baion Using the multiplier formula, determine the new level of GOP AS200 billion increase in net exports leads to a change in spending of bion, so the new level of GDP wi be billon
e the information in the lable to answer the folowing queslions. All numbers are in bilons of 2012 Govemment Purchases (G) Net Eaports (NK) -5500 1500 Pianned Censumption (C) 0.500 $10.250 $11.000 $11.750 $12.500 Real GDP (Y) Investment $1.000 $1.000 $12.000 $13.000 $14.000 $15.000 $16.000 $2.500 $2.600 $1.000 $1.000 $1.000 500 -$500 500 $2.500 2.500 The equum level of GOPisbion The MPC is (enter your reponse to two decimal places) Buppose that net exports increase by $200 baion Using the multiplier formula, determine the new level of GOP AS200 billion increase in net exports leads to a change in spending of bion, so the new level of GDP wi be billon
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter19: The Macroeconomic Perspective
Section: Chapter Questions
Problem 5SCQ: According to Table 19.7, how often have recessions occurred since the end of World War II (1945)?
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