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Economics

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?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91748888

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