Answered: Consider the following economy C=1000 +…

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Consider the following economy C=1000 + 08YD T=0 25Y 1= 325 G = 225 X=450 M 0.1Y Equilibrium GDP equals.

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 18RQ: What are the two main difficulties that arise in comparing different comparing GDP?

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Question

Consider the following economy
C= 1000 + 0 8YD
T=0 25Y
1= 325
G= 225
X= 450
M=0 1Y
Equilibrium GDP equals.
a.
3500
3750
4000
3250

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