The table given below reports the value of real GDP and its components consumption (C), investment (I), exports, and imports for two consecutive years in an economy. Table 10.3 Equilibrium Real Exports Imports GDP Year 1 $9,350 $7,500 $1,350 $1,800 Year 2 $11,450 $8,900 $2,350 $1,600 Assume that government spending is zero for this economy. Refer to Table 10.3. Assume that the economy is at equilibrium in both years, and that government spending is zero for this economy. The change in investment spending from year 1 to year 2 is: $1,800. $450. O $945. $214. $2,100.
The table given below reports the value of real GDP and its components consumption (C), investment (I), exports, and imports for two consecutive years in an economy. Table 10.3 Equilibrium Real Exports Imports GDP Year 1 $9,350 $7,500 $1,350 $1,800 Year 2 $11,450 $8,900 $2,350 $1,600 Assume that government spending is zero for this economy. Refer to Table 10.3. Assume that the economy is at equilibrium in both years, and that government spending is zero for this economy. The change in investment spending from year 1 to year 2 is: $1,800. $450. O $945. $214. $2,100.
Chapter19: The Keynesian Model In Action
Section: Chapter Questions
Problem 3SQ
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Transcribed Image Text:The table given below reports the value of real GDP and its components consumption (C), investment (I), exports,
and imports for two consecutive years in an economy.
Table 10.3
Equilibrium Real
Exports
Imports
GDP
Year 1
$9,350
$7,500
$1,350
$1,800
Year 2
$11,450
$8,900
$2,350
$1,600
Assume that government spending is zero for this economy.
Refer to Table 10.3. Assume that the economy is at equilibrium in both years, and that government spending is zero
for this economy. The change in investment spending from year 1 to year 2 is:
$1,800.
$450.
O $945.
$214.
$2,100.
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