Fill in the missing values in the following table. Assume that the value of the MPC does not change as real GDP changes and that there are zero taxes. (Enter all values as integers.) Real GDP (M) Consumption (C) Planned Investment (I) $13,000 $14,000 $7,800 $8,400 $1,300 Government Purchases (G) $1,300 $1,300 1,300 $15,000 $1,300 1,300 $16,000 $ $1,300 1,300 $17,000 $1,300 1,300 Net Exports (NX) -$325 -$325 -$325 -$325 -$325 Now use the table to find aggregate expenditure and the unplanned change in inventories. Planned Aggregate Real GDP (Y) Consumption (C) Planned Investment (1) Government Purchases (G) Net Exports (NX) Expenditure (AE) Unplanned Change in Inventories $13,000 $7,800 $1,300 $1,300 - $325 $ $14,000 $8,400 $1,300 1,300 - $325 $
Fill in the missing values in the following table. Assume that the value of the MPC does not change as real GDP changes and that there are zero taxes. (Enter all values as integers.) Real GDP (M) Consumption (C) Planned Investment (I) $13,000 $14,000 $7,800 $8,400 $1,300 Government Purchases (G) $1,300 $1,300 1,300 $15,000 $1,300 1,300 $16,000 $ $1,300 1,300 $17,000 $1,300 1,300 Net Exports (NX) -$325 -$325 -$325 -$325 -$325 Now use the table to find aggregate expenditure and the unplanned change in inventories. Planned Aggregate Real GDP (Y) Consumption (C) Planned Investment (1) Government Purchases (G) Net Exports (NX) Expenditure (AE) Unplanned Change in Inventories $13,000 $7,800 $1,300 $1,300 - $325 $ $14,000 $8,400 $1,300 1,300 - $325 $
Chapter11: Gross Domestic Product
Section: Chapter Questions
Problem 6SQP
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