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3. See the table below. Planned Real GDP (Y) Consumption Government Planned Net Unplanned (c) Investment Purchases Aggregate Exports Change in (1) Expenditures (G)

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3. See the table below. Planned Real GDP (Y) Consumption Government Planned Net Unplanned (c) Investment Purchases Aggregate Exports Change in (1) Expenditures (G) (NX) Inventories (AE) $7,000 $6,200 $900 $700 -$500 $8,000 $7,100 $900 $700 -$500 $9,000 $900 $700 -$500 $10,000 $900 $700 -$500 $11,000 $900 $700 -$500 a. Fill in the missing values in the table. Assume the value of the MPC does not change as real GDP changes. (2 points) b. What is the value of the MPC? (1 point) c. What is the value of equilibrium GDP? (1 point)

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