Real GDP C I G NX 2500 1770 540 400 - 250 2400 1700 540 400 -240 2300 1630 400 -230 540 2200 1560 540 400 -220 2100 1490 540 400 -210 In the above table, C is consumption expenditure, I is investment, G is government purchases, and NX is net exports. All entries are in dollars. The autonomous expenditure is 1) $20. 2) $960. 3) -$320. 4) $2,400.

Real GDP C I G NX 2500 1770 540 400 - 250 2400 1700 540 400 -240 2300 1630 400 -230 540 2200 1560 540 400 -220 2100 1490 540 400 -210 In the above table, C is consumption expenditure, I is investment, G is government purchases, and NX is net exports. All entries are in dollars. The autonomous expenditure is 1) $20. 2) $960. 3) -$320. 4) $2,400.

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter9: Aggregate Demand

Section: Chapter Questions

Problem 3.7P

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