3. Fill in the blanks in the following table and determine the equilibriumlevel of real GDP.UuplaшedChangeRealIGNEAEGDPin Inventories$ 8,000 $ 6,200 $ 1,675- $ 500- 500- 500- 500- 5009,00010,0006,8507,5008,1501,6751,6751,67511,00012,0008,8001,675

GDP is the sum of market value of final goods and services produced within the geographical borders…

3. Fill in the blanks in the following table and determine the equilibrium level of real GDP. Unplanned Change Real I G NE AE GDP in Inventories $ 8,000 $ 6,200 | $ 1,675 6,850 7,500 8,150 8,800 $ 500 - 500 - 500 - 500 9,000 1,675 10,000 11,000 12,000 1,675 1,675 1,675 - 500

3. Fill in the blanks in the following table and determine the equilibrium level of real GDP. Unplanned Change Real I G NE AE GDP in Inventories $ 8,000 $ 6,200 | $ 1,675 6,850 7,500 8,150 8,800 $ 500 - 500 - 500 - 500 9,000 1,675 10,000 11,000 12,000 1,675 1,675 1,675 - 500

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter9: Aggregate Demand

Section: Chapter Questions

Problem 3.7P

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Question

3. Fill in the blanks in the following table and determine the equilibrium
level of real GDP.
Uuplaшed
Change
Real
I
G
NE
AE
GDP
in Inventories
$ 8,000 $ 6,200 $ 1,675
- $ 500
- 500
- 500
- 500
- 500
9,000
10,000
6,850
7,500
8,150
1,675
1,675
1,675
11,000
12,000
8,800
1,675

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