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21. Given the following macroeconomic data of a hypothetic economy: C = 175 + 0.75(DI) 1 - 50 G - 35 X - 30 M
21. Given the following macroeconomic data of a hypothetic economy: C = 175 + 0.75(DI) 1 - 50 G - 35 X - 30 M - 45 T - 35 Compute the equilibrium GDP of this hypothetic economy. O none of the answers given is correct O $850 O $950 O $900 O $925 Question 22 22. Using the macroeconomic data in #21 above and assuming a full employment economic output of $800. The economy's is experiencing a/an ____ GDP gap; and that the government should ___ (increase or decrease) spending of ____ to close up such gap. O inflationary ; decrease ; $300 O recessionary ; increase ; $18.75 O recessionary ; increase ; $300 O cannot be computed based on information provided O inflationary ; decrease ; $18.75
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