Consider the figure. This economy is in macroeconomic equilibrium at what level of real GDP? $ | billion.

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter11: Gross Domestic Product
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Consider the figure. This economy is in macroeconomic equilibrium at what level of real GDP? $
billion.
Transcribed Image Text:Consider the figure. This economy is in macroeconomic equilibrium at what level of real GDP? $ billion.
C + I + G + NX = AE
80
C+I+G
70
60
C+I
C
Real Aggregate Expenditure, AE ($ billions)
450
:40
:60
Real GDP, Y ($ billions)
:80
Transcribed Image Text:C + I + G + NX = AE 80 C+I+G 70 60 C+I C Real Aggregate Expenditure, AE ($ billions) 450 :40 :60 Real GDP, Y ($ billions) :80
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