Answer the questions below for the economy of Motak using the graph below. Government spending /...
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Answer the questions below for the economy of Motak using the graph below. Government spending / net taxes 400 350 300 250 200 150 100 50 The Economy of Motak 200 400 600 800 1000 1200 1400 Real GDP NTR G1 Tools G₂ a. If GDP is $800 and government spending is G₁, the size of Motak's budget deficit is $ b. If government spending is decreased by the size of the deficit in part (a), draw the new curve labelled G₂ in the graphing area above. c. Suppose the multiplier has a value of 4, the new level of equilibrium GDP is $ d. Motak's deficit at this new level of equilibrium GDP is $ billion. billion. billion. Answer the questions below for the economy of Motak using the graph below. Government spending / net taxes 400 350 300 250 200 150 100 50 The Economy of Motak 200 400 600 800 1000 1200 1400 Real GDP NTR G1 Tools G₂ a. If GDP is $800 and government spending is G₁, the size of Motak's budget deficit is $ b. If government spending is decreased by the size of the deficit in part (a), draw the new curve labelled G₂ in the graphing area above. c. Suppose the multiplier has a value of 4, the new level of equilibrium GDP is $ d. Motak's deficit at this new level of equilibrium GDP is $ billion. billion. billion.
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