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Assume that imports into an economy equal $150 billion and exports equal $100 billion. MindTap - Cengage Learning X How to Calculate Unplanned Inve X

Assume that imports into an economy equal $150 billion and exports equal $100 billion.

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MindTap - Cengage Learning X How to Calculate Unplanned Inve X Lesson Request GDP Unplanned X Homework Help - Q&A from Onlir X + X -> C C A ng.cengage.com/staticb/ui/evo/index.html?eISBN=9781337622356&id=878887638&nold=1889825&snapshotld=1889825& R CENGAGE |MINDTAP Q Search this course ? Study Questions and Problems (Ch 09) O X Use the information in the following table, and information given on imports and exports, to determine the level of unplanned inventory at each level of real GDP. A-Z Employment, Output, Consumption, and Unplanned Inventory Possible Levels of Real GDP (Output) Equals Disposable Unplanned Employment Income Consumption Investment Inventory O (Millions of workers) (Billions of dollars) (Billions of (Billions of (Billions of dollars) dollars) dollars) 40 325 300 125 45 375 325 125 50 425 350 125 55 475 375 125 60 525 400 125 ? 65 575 425 125 70 625 450 125 bongo Given the values of imports and exports, the effect of net exports (relative to the case where net exports are excluded) on this economy is to unplanned inventory investment at all levels of real GDP and to the level of real GDP at equilibrium. With the inclusion of net exports, the equilibrium real GDP is $ billion, and the equilibrium employment level is millions workers. G 1 6:57

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