Try another version of this question Consider the following infomation for Mexico. What is the equilibrium level of GDP in the income-expenditure model? Suppose that there is an increase in Government Expenditure by `$40`.
What is the new equilibrium level of GDP in the income-expenditure model? What is difference between the original and new level of GDP as a result of an increase in Government Expenditure? Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 2: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 3: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172Autonomous Consumption 150 MPC 0.65 Tax Rate 0.15 Investment 1000 Government Expenditure 400 Exports 20 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