The table shows a private open economy. All figures are in billions of dollars. Real GDP C+ lg Net Exports $420 460 500 540 580 620 660 $400 450 500 550 600 650 700 Refer to the above table. If net exports increased by $10 billion at each level of GDP, the equilibrium real GDP would be: Multiple Choice O $650 $20 20 20 20 20 20 20 Not determinate in the table $610

The table shows a private open economy. All figures are in billions of dollars. Real GDP C+ lg Net Exports $420 460 500 540 580 620 660 $400 450 500 550 600 650 700 Refer to the above table. If net exports increased by $10 billion at each level of GDP, the equilibrium real GDP would be: Multiple Choice O $650 $20 20 20 20 20 20 20 Not determinate in the table $610

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter9: Demand-side Equilibrium: Unemployment Or Inflation?

Section: Chapter Questions

Problem 4TY

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