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




Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
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
A CEO's pay rose 25% over the 2001-2002 period even though his firm's ROA fell 12% and the stock return fell 10% over the same period. Discuss why this may NOT represent an ob
Were Free Marketers correct in their defence of American Capitalism? What is the legacy of neoliberlism today? What does the past history of our country suggest will be the re
Briefly explain whether it is possible for firms in a perfectly competitive market to earn zero economic profit even if they have incurred a sunk cost upon entry into the ma
Utilizing the midpoint formula, what is the price elasticity of demand for Coke at these prices. Assume the demand for Coke is a linear line. Would the elasticity of demand be
Define the “Meeting Competition Clause”. Could the imposition of the meeting competition clause possibly help these players obtain the (cooperate, cooperate) equilibrium? Expl
Suppose the amount of exports of textile machinery from Italy to the rest of the world equals 60 billion tons. The amount of imports of textile machinery into Italy from the r
Please explain the difference between the collusive and competitive oligopoly models and explain the role that the number of firms and barriers to entry play in determining ho
In Country A the economy can be described in a series of multiple equations, where the desired consumption is Cd = 100 + 0.8Y - 500r - 0.5G, and desired investment is Id = 10