+1-415-670-9189
info@expertsmind.com
What is the equilibrium real GDP
Course:- Business Economics
Reference No.:- EM13891960




Assignment Help
Assignment Help >> Business Economics

An economy has a consumption function of C = 400 + .75(DI) The following values are fixed : G , T = 1000 NX = 50 I = 750 Suppose that the CPI ( i.e., the "Price Level") is currently equal to 115.

What is the equilibrium real GDP (on the demand side)?

 

Please enter a whole number, with no decimal point.________________




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Business Economics) Materials
Comment on the following statement: “The free market allows hospitals to enter markets too easily; and regulators can potentially improve social well-being by restricting entr
The members of the Board of the product are scheduled to meet with the Trade Minister of Industria. The Board is interested in convincing the Government of Industria to establ
In this 21st century, effective corporate governance is seemingly based upon a core set of ethical principles that guide a company’s actions, from the establishment of its str
Squeeze Inc. sells orange juice in a market where there are a large number of consumers and sellers. New firms can enter the market easily and also exit whenever they want t
Assume capital (equipment) is fixed, and labor is the only variable input. Assume the wage is $200 per worker per day, you are employing 4 workers and AP with 4 workers is 80,
When looking at stores, you will find that competition will influence the market prices. The challenge that our economy is facing is that we need to monitor how many firms tha
A new truck was purchased for $180,000 by trading in a similar truck that had a book value of $55,200. Assuming that the trade-in allowance is $46,000, what is the cost basi
A drought in Alberta and Saskatchewan has made grain, and therefore cattle feed, quite expensive. Many ranchers cannot afford to feed their cattle, and have sold much of their