Solved

C = 4,000 + 0.5Y

Question 146

Essay

C = 4,000 + 0.5Y
I = 1,500
G =2,250
NX = -150
Given the equations for C,I,G,and NX above,what is the equilibrium level of GDP (Y)?

Correct Answer:

verifed

Verified

Y = C + I + G + NX. Y = 4,000 ...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q141: Figure 12-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 12-1

Q142: At macroeconomic equilibrium,total _ equals total _.<br>A)spending;

Q143: Investment spending increases during _,and decreases during

Q144: John Maynard Keynes argued that if many

Q145: Table 12-14<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Table 12-14

Q147: You review a salesman's income over a

Q148: Consumption spending refers to _ spending on

Q149: Figure 12-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 12-1

Q150: For all points below the 45 degree

Q151: Table 12-15<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Table 12-15