Reference no: EM133600246

Question: What is a very important piece of information to remember when determining the level of government spending to make the GDP gap zero? Responses The formula in the income-expenditure model is found at the point where the level of GDP/national income equals aggregate expenditure. The formula in the income-expenditure model is found at the point where the level of GDP/national income equals aggregate expenditure. The macro equilibrium in the income-expenditure model is found at the point where the level of GDP/national income equals aggregate expenditure. The macro equilibrium in the income-expenditure model is found at the point where the level of GDP/national income equals aggregate expenditure. The micro equilibrium in the income-expenditure model is found at the point where the level of GDP/national income equals aggregate expenditure.