If domestic expenditure (the sum of C + 1 + G in the economy described in Test

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If domestic expenditure (the sum of C + 1 + G in the economy described in Test Yourself Question 1) is as shown in the following table, construct a 45° line diagram and locate the equilibrium level of GDP.
Domestic
GDP Expenditures
$2,500 ........ $3,100
3,000 ......... 3,400
3,500 ......... 3,700
4,000 ......... 4,000
4,500 .......... 4,300
5,000 .......... 4,600

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Macroeconomics Principles And Policy

ISBN: 9780324586213

11th Edition

Authors: William J. Baumol, Alan S. Blinder

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