Consider the following macroeconomic information (numbers are billion and arbitrary) A FIINDND GDP EQUILIBIRUM NUMERICALLY AND...

 

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Consider the following macroeconomic information (numbers are billion and arbitrary) A FIINDND GDP EQUILIBIRUM NUMERICALLY AND GRAPHICALLY B. Assume, government has increased expenditure by 10, Find the new equilibrium numerically and graphically C. Assume government cut taxes by 10. Find the new equilibrium numerically and graphically D. Make sure all graphs in one chart E. Compare the two policies GOP income 30 40 50 60 70 80 90 100 110 120 consumption investment government purchases 24 32 40 48 56 64 72 80 88 96 O 4 4 4 4 4 4 4 4 4 4 6 6 6 6 6 6 6 6 Exports Imports 6 6 -2 -2 -2 -2 -2 -2 -2 -2 -2 -2 GDP EXP N GDP higher N GDP G LOWER TAX Consider the following macroeconomic information (numbers are billion and arbitrary) A FIINDND GDP EQUILIBIRUM NUMERICALLY AND GRAPHICALLY B. Assume, government has increased expenditure by 10, Find the new equilibrium numerically and graphically C. Assume government cut taxes by 10. Find the new equilibrium numerically and graphically D. Make sure all graphs in one chart E. Compare the two policies GOP income 30 40 50 60 70 80 90 100 110 120 consumption investment government purchases 24 32 40 48 56 64 72 80 88 96 O 4 4 4 4 4 4 4 4 4 4 6 6 6 6 6 6 6 6 Exports Imports 6 6 -2 -2 -2 -2 -2 -2 -2 -2 -2 -2 GDP EXP N GDP higher N GDP G LOWER TAX