QUESTION 14 Assume potential GDP is 4,000 and actual GDP is 3,000 if the consumption function is C=300+0 BY how much does govemment expenditure need to rise by to close the output gap? (Please input the round number without any Euro symbol)

ENGR.ECONOMIC ANALYSIS
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QUESTION 14
Assume potential GDP is 4,000 and actual GDP is 3,000 if the consumption function is C=300+0 8Yd how
much does govemment expenditure need to rise by to close the output gap? (Please input the round number
without any Euro symbol)
Transcribed Image Text:QUESTION 14 Assume potential GDP is 4,000 and actual GDP is 3,000 if the consumption function is C=300+0 8Yd how much does govemment expenditure need to rise by to close the output gap? (Please input the round number without any Euro symbol)
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