Try another version of this question Consider the following information for Mexico. What is the equilibrium level of GDP in the income-expenditure model? Hint Suppose that there is a decrease in Exports by $50.
What is the new equilibrium level of GDP in the income-expenditure model? Hint What is the difference between the original and new GDP as a result of a decrease in Exports? Hint 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 500 MPC 0.75 Tax Rate 0.35 Investment 500 Government Expenditure 200 Exports 30 MPI 0.35
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