Kerem Economy provided the following table for the year 2022 Output Consumption (Income) Spending 400 400...
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Kerem Economy provided the following table for the year 2022 Output Consumption (Income) Spending 400 400 800 700 1,200 1,000 1,600 1,300 2,000 1,600 All Numbers are in $ Billion Net Taxes 100 100 100 100 100 Investment Government Spending Spending 200 100 100 Refer to the table above and Calculate: e) billion 200 200 200 200 100 100 100 a) The level of aggregate expenditure at an output level of $1,200 billion b) The unplanned inventory change at an output level of $1,200 billion c) The equilibrium level of output d) The disposable income at an output level of $800 billion The value of saving at an output level of $2,000 Kerem Economy provided the following table for the year 2022 Output Consumption (Income) Spending 400 400 800 700 1,200 1,000 1,600 1,300 2,000 1,600 All Numbers are in $ Billion Net Taxes 100 100 100 100 100 Investment Government Spending Spending 200 100 100 Refer to the table above and Calculate: e) billion 200 200 200 200 100 100 100 a) The level of aggregate expenditure at an output level of $1,200 billion b) The unplanned inventory change at an output level of $1,200 billion c) The equilibrium level of output d) The disposable income at an output level of $800 billion The value of saving at an output level of $2,000
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a The level of aggregate expenditure at an output level of 1200 billion is calculated by summing up ... View the full answer
Related Book For
Macroeconomics
ISBN: 978-1319120054
3rd Canadian edition
Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson
Posted Date:
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