Question: 1-The data in the first two columns below are for a private closed economy. Use this table to answer the following questions. Real GDP Aggregate

1-The data in the first two columns below are for a private closed economy. Use this table to answer the following questions. Real GDP Aggregate Net Aggregate - DI exports expenditures (billions) (billions) expenditures Exports Imports (billions] (billions) (billions] (billions)" $100 $120 $10 $15 125 140 10 15 150 160 10 15 175 180 10 15 200 200 10 15 225 220 10 15 250 240 10 15 275 260 10 15 (a) What is the equilibrium GDP for the private closed economy? (b) Including the international trade figures for exports and imports, calculate net exports and determine the equilibrium GDP for a private open economy. (c) What will happen to equilibrium GDP if exports were $5 billion larger at each level of GDP? (d) What will happen to equilibrium GDP if exports remained at $10 billion, but imports dropped to $5 billion? (e) What is the size of the multiplier in this economy
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