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Consider the following table: Price Level Consumers Real Output Demanded in 5 billions) by: Investors Government Net Exports 125 50 50 100 185 19 AS

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Consider the following table: Price Level Consumers Real Output Demanded in 5 billions) by: Investors Government Net Exports 125 50 50 100 185 19 AS 110 155 10 115 50 120 40 125 105 I 160 50 130 30 95 310 95 50 140 20 65 480 85 50 10 610 AD - Aggregate Demand. AS- Acgregate Supply, NX - Net Export Calculate the equilibrium level of real output and average price in USA. b. Assume the full employment real output is 650 billion dollars. What kind of real output gap the economy of USA is currently facing? How much is it? Suppose that the net export increase by 5150 billion at every price level in the preceding problem. What will be the new equilibrium GDP

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