Table 23-13

-Refer to Table 23-13. Using the table above, answer the following questions. The numbers in the table are in billions of dollars.
a. What is the equilibrium level of real GDP?
b. What is the MPC?
c. If investment spending declines by $50 billion, what will happen to equilibrium GDP?

Question

Table 23-13
 
-Refer to Table 23-13. Using the table above, answer the following questions. The numbers in the table are in billions of dollars.
a. What is the equilibrium level of real GDP?
b. What is the MPC?
c. If investment spending declines by $50 billion, what will happen to equilibrium GDP?

Quizplus · Accepted Answer

The Answer of Table 23-13
 
-Refer to Table 23-13. Using the table above, answer the following questions. The numbers in the table are in billions of dollars.
a. What is the equilibrium level of real GDP?
b. What is the MPC?
c. If investment spending declines by $50 billion, what will happen to equilibrium GDP?

Table 23-13 -Refer to Table 23-13. Using the Table Above, Answer the Table