Asked by britney

please please please please help me this is due tomorrow!!!

this is a table with some questions and i don't know how to solve it
(1)real domestic output (GDP=DI) in billions
$200
$250
$300
$350
$400
$450
$500
$550
(2)aggregate expenditures private closed economy billions
$240
$280
$320
$360
$400
$440
$480
$520
(3)exports billions
$20
$20
$20
$20
$20
$20
$20
$20
(4)imports billions
$30
$30
$30
$30
$30
$30
$30
$30
(5)net exports private economy
--
--
--
--
--
--
--
--
(6)aggregate expenditures open,billions
--
--
--
--
--
--
--
--
--
the 1 question is use columns 1and 2 to determine the equilibrium GDP for this hypothetical economy.
2.fill in columns 5 and 6 to determine the equilibrium GDP for the open economy.
3. Given the original $20 billion level of exports, what would be the equilibrium GDP if imports were $10 billion greter at each level of GDP?
4. What is the multiplier in this example?

Answers

There are no human answers yet.
There are no AI answers yet. The ability to request AI answers is coming soon!