Given the following data of a country ABC for the year 2000. All data is in USD million. Consumption Investment expenditure (C) 110 Real Government Exports Imports Aggregate (M) (X) expenditure (G) 60 GDP (I) Demand (Y) 100 (AD) 50 60 15 200 170 50 60 60 30 300 230 50 60 60 45 400 290 50 60 60 60

Given the following data of a country ABC for the year 2000. All data is in USD million. Consumption Investment expenditure (C) 110 Real Government Exports Imports Aggregate (M) (X) expenditure (G) 60 GDP (I) Demand (Y) 100 (AD) 50 60 15 200 170 50 60 60 30 300 230 50 60 60 45 400 290 50 60 60 60

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter6: Tracking The U.s. Economy

Section: Chapter Questions

Problem 3.6P

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Question

c. Assume equilibrium level of national income is USD 400 million, using mathematical method, prove your answer. d. Draw the diagram to show real GDP at equilibrium level.

Given the following data of a country ABC for the year 2000. All data is in USD million.
Consumption
expenditure
(С)
110
Real
Investment
Government
Exports Imports Aggregate
(X)
expenditure
(G)
60
GDP
(I)
(M)
Demand
(Y)
100
(AD)
50
60
15
200
170
50
60
60
30
300
230
50
60
60
45
400
290
50
60
60
60

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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