6.

Suppose that real GDP is currently $ 97 billion per year and natural real GDP is currently $ 100 billion,

AND uppose that natural real GDP is growing by $ 4 billion per year. By how must real GDP have risen after two years to close the GDP gap.

8.

Consider the economy in which all taxes are autonomous and the following values of autonomous consumption Ca =$1400, planned investment Ip = $ 1800 , government expenditure G = $ 1950 . autonomous taxes Ta = 1750 and marginal propensity to consume c = 0.6

What is the level of saving when the level of income (Y) equals $ 10 000?

11.

The simple fiscal policy multiplier occurs in the IS-LM model when ________ interest responsiveness of money demand produces a ________ LM curve.

4.

Suppose that real GDP is currently $ 97 billion per year and natural real GDP is currently $ 100 billion . The GDP gap in percent equals to