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

Ask Question & Get Answers from Experts
Browse some more (Business Economics) Materials
The US Federal Trade Commission justifies their record of approval of most mergers by asserting that even though competition is diminished by consolidating two firms into one,
The difference between the number of workers employed if the economy was opera ting at full employment and the number of workers currently employed given aggregate expenditure
Assume that for the last worker hired MPL=4, MR=2, and W=4, and if one more worker is hired MPL=3, MR=2, and W=4. Given this information, the firm- should leave employment unc
What is the effective interest rate of an investment if the nominal annual interest rate is 2.09% and it is compounded semi-annually? Express your answers as a percent to tw
Explain the concept of supply and demand in your own words and provide two examples of how you see it at work: one from the news and one from personal experience. State the di
Line authority is a basic type of authority to carry out tasks and give orders related to the organization's primary purpose. Staff authority is the right to advise or assist
Suppose that the labor market is competitive and there are a total of 1,000 black workers and 1,000 white workers (who each supply their labor in elastically). Both black and
A numerical application of Okun’s law Consider an economy that initially has a labor force of 2000 workers. Of these workers, 1900 are employed and each works 40 hours a week.