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The real gdp and consumption data for nation b in 1996 is

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Reference no: EM13297402

The real GDP and consumption data for nation b in 1996 is in the following table. The investment is 25 billion, and government purchases is 5 billion, assume nation b has no international trade and tax. Real GDP in billions. 100. 200. 300. 400. 500 600 Consumption in bils 150. 230. 310. 390. 470. 550 Aggregate expend. ___. ____. ___. ___. ___. ___ Complete above AE in table The equilibrium expend in nation b is?_____ The MPC is__________ The multiplier is _________ Calculate AE by adding up all components of AE Use first row real GDP as your AP for comparison

Reference no: EM13297402

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