The table indicates two levels of real GDP for an economy, $0 and $750 billion, and...
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The table indicates two levels of real GDP for an economy, $0 and $750 billion, and associated values for consumption (C), investment (I), government spending (G), and net exports (NX). Fill in the missing cells of the table by calculating aggregate expenditure (AE) for this economy at the two levels of real GDP. Y с с I ($, Billions) ($, Billions) ($, Billions) 0 50 100 750 475 100 Based on the values in the table, use the green points (triangle symbol) to plot the consumption function for the economy. Use the purple points (diamond symbol) to plot consumption plus investment. Use the tan points (rectangle symbol) to plot consumption plus investment plus government spending. Finally, use the blue points (circle symbol) to plot consumption plus investment plus government spending plus net exports. AGGREGATE EXPENDITURE 750 600 450 300 150 0 0 150 C line 300 450 REAL GDP (Billions of Dollars) G NX AE ($, Billions) ($, Billions) ($, Billions) 100 75 100 -25 The C+ I line is parallel to the Check all that apply. C+I+G line The aggregate expenditure line is indicated by the 600 750 C line. C+I 101 C+I+G C+I+G+X ? The table indicates two levels of real GDP for an economy, $0 and $750 billion, and associated values for consumption (C), investment (I), government spending (G), and net exports (NX). Fill in the missing cells of the table by calculating aggregate expenditure (AE) for this economy at the two levels of real GDP. Y с с I ($, Billions) ($, Billions) ($, Billions) 0 50 100 750 475 100 Based on the values in the table, use the green points (triangle symbol) to plot the consumption function for the economy. Use the purple points (diamond symbol) to plot consumption plus investment. Use the tan points (rectangle symbol) to plot consumption plus investment plus government spending. Finally, use the blue points (circle symbol) to plot consumption plus investment plus government spending plus net exports. AGGREGATE EXPENDITURE 750 600 450 300 150 0 0 150 C line 300 450 REAL GDP (Billions of Dollars) G NX AE ($, Billions) ($, Billions) ($, Billions) 100 75 100 -25 The C+ I line is parallel to the Check all that apply. C+I+G line The aggregate expenditure line is indicated by the 600 750 C line. C+I 101 C+I+G C+I+G+X ?
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1 Consumption function for the economy is C5006Y 2 Investment function for th... View the full answer
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