What is the value of equilibrium real gdp

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Fill in the missing values in the following table. Assume that the value of the MPC does not change as real GDP changes. Also assume that the values represent billions of 2009 dollars.

Real GDP(Y) Consumption (C) Planned Investment(I) Government Purchases(G) Net Exports(NX) Planned Aggregate Expenditure(AE) Unplanned Change in Inventories
$9,000 $7,600 $1,200 $1,200 -$400     _____
   _____
10,000 8,400 1,200 1,200 -400      _____    _____
11,000     _____ 1,200 1,200 -400      _____    _____
12,000     _____ 1,200 1,200 -400     _____    _____
13,000     _____ 1,200 1,200 -400      _____     _____

a. What is the value of the MPC?

b. What is the value of equilibrium real GDP?

Reference no: EM131023362

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