The real GDP and consumption data for Nation B in 1996 is in the following table. The Investment is 25 billions, and the government purchases is 5 billions. Assume Nation B has no international trade and tax.
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Real GDP is billions 100 200 300 400 500 600
Consumption in billions 160 230 300 370 440 510
Aggregate Expenditure ___ ___ ___ ___ ___ ___
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Complete the AE in the above table.
The equilibrium expenditure in this nation is ___________
The MPC is______________
The Multiplier is _____________________________.
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Real GDP is billions 100 200 300 400 500 600
Consumption in billions 160 230 300 370 440 510
Aggregate Expenditure ___ ___ ___ ___ ___ ___
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Complete the AE in the above table.
The equilibrium expenditure in this nation is ___________
The MPC is______________
The Multiplier is _____________________________.