- Use The Information In The Table To Answer The Following Questions All Numbers Are In Billions Of 2012 Dollars Planned 1 (21.96 KiB) Viewed 43 times
Use the information in the table to answer the following questions. All numbers are in billions of 2012 dollars. Planned Real GDP (Y) Government Purchases (G) Consumption (C) Investment (1) $14,000 $11,000 $2,000 $1,750 $15,000 $11,750 $2,000 $1,750 $16,000 $12,500 $2,000 $1,750 $17,000 $13,250 $2,000 $1,750 $18,000 $14,000 $2,000 $1,750 The equilibrium level of GDP is $ billion. The MPC is (enter your response to two decimal places) Suppose that net exports increase by $400 billion. Using the multiplier formula, determine the new level of GDP. A $400 billion increase in net exports leads to a change in spending of $ billion, so the new level of GDP will be billion, Net Exports (NX) -$500 -$500 -$500 -$500 -$500