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Real GDP C 177 170 163 142 250 240 230 200 100 I 54 54 54 54 72 54 The above table shows the real aggregate expenditure schedule at a given price level (that is, in constant dollars). C is consumption expenditure, I is investment, G is government purchases, and NX is net exports. Consumption and import are linear functions of real GDP (that is, their slopes are constant). There is no tax. In the above table, the equilibrium aggregate expenditure is G 44 44 44 44 44 NX -25 -24 -23 -20 -10

Real GDP C 177 170 163 142 250 240 230 200 100 I 54 54 54 54 72 54 The above table shows the real aggregate expenditure schedule at a given price level (that is, in constant dollars). C is consumption expenditure, I is investment, G is government purchases, and NX is net exports. Consumption and import are linear functions of real GDP (that is, their slopes are constant). There is no tax. In the above table, the equilibrium aggregate expenditure is G 44 44 44 44 44 NX -25 -24 -23 -20 -10

Economics For Today
Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter19: The Keynesian Model In Action
Section: Chapter Questions
Problem 3SQ
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Real GDP C I 177 54 170 54 163 54 142 54 72 54 The above table shows the real aggregate expenditure schedule at a given price level (that is, in constant dollars). C is consumption expenditure, I is investment, G is government purchases, and NX is net exports. Consumption and import are linear functions of real GDP (that is, their slopes are constant). There is no tax. In the above table, the equilibrium aggregate expenditure is 250 240 230 200 100 1) 240. 2) 200. 3) 244. G 44 44 44 44 44 4) 250. NX -25 -24 -23 -20 -10
Transcribed Image Text:Real GDP C I 177 54 170 54 163 54 142 54 72 54 The above table shows the real aggregate expenditure schedule at a given price level (that is, in constant dollars). C is consumption expenditure, I is investment, G is government purchases, and NX is net exports. Consumption and import are linear functions of real GDP (that is, their slopes are constant). There is no tax. In the above table, the equilibrium aggregate expenditure is 250 240 230 200 100 1) 240. 2) 200. 3) 244. G 44 44 44 44 44 4) 250. NX -25 -24 -23 -20 -10
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