Try another version of these questions Consider the following information for China. What is the equilibrium level of GDP in the income-expenditure model? Hint Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Suppose that there is a decrease in Autonomous Consumption by $40.
What is the new equilibrium level of GDP in the income-expenditure model? Hint Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 What is the difference between the original and new GDP as a result of a decrease in Autonomous Consumption? Hint Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172Autonomous Consumption 490 MPC 0.8 Tax Rate 0.35 Investment 900 Government Expenditure 200 Exports 50 MPI 0.15
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity