1 Real GDP (Y) $14,000 $15,000 Use the information in the table to answer the following questions. All numbers are in bi

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1 Real Gdp Y 14 000 15 000 Use The Information In The Table To Answer The Following Questions All Numbers Are In Bi 1 (40.98 KiB) Viewed 13 times

1 Real GDP (Y) $14,000 $15,000 Use the information in the table to answer the following questions. All numbers are in billions of 2012 dollars. $16,000 $17,000 $18,000 Question 15 of 18 Consumption (C) $7,500 $8,000 $8,500 $9,000 $9,500 Planned Investment (1) $500 $500 point(s) possible This question: 3 point(s) possible $500 $500 $500 Government Purchases (G) $8,000 $8,000 $8,000 $8,000 $8,000 The equilibrium level of GDP is $ billion. The MPC is (enter your response to two decimal places) Suppose that net exports increase by $300 billion. Using the multiplier formula, determine the new level of GDP A $300 billion increase in net exports leads to a change in spending of 5 billion, so the new level of GDP will be $billion Submit quiz Net Exports (NX) -$500 -$500 -$500 -$500 -$500