If domestic expendituresum of cig in economy is as shown in

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Reference no: EM13395151

Suppose exports and imports of a country are given by the following:

GDP Exports Imports

$2,500 $400 $250]

3,000 400 300

3,500 400 350

4,000 400 400

4,500 400 500

1)Calculate net exports at each level of GDP

2)If domestic expenditure(the sum of C+I+G in the economy) is as shown in the following table, calculate the equilibrium level of GDP

GDP Domestic Expenditure

$2,500 $3,100

3,000 3,400

3,500 3,700

4,000 4,000

4,500 4,300

5,000 4,600

3)Now raise exports to $650 and find the equilibrium level of GDP again.

4)How large is the multiplier?

Reference no: EM13395151

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