ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmh ed Project - Po... Grammarly YouTube Maps News Translate on- Otter Voice Meetin... y! my.sinclair.edu - WIX Wix ADI THE BEST 10 Art Ga.. Connect - Chapter 11 Homework i Saved The data in columns 1 and 2 in the table below are for a private closed economy. (2) Aggregate (1) Real Domestic Expenditures, Output (GDP = DI), Private Closed (3) Exports, (4) Imports, (5) Net (6) Aggregate Billions Economy, Billions Billions Exports Expenditures, Billions Private Open Billions Economy, Billions $200 $240 $20 $30 250 280 20 30 300 320 20 30 350 360 20 30 400 400 20 30 450 440 20 30 500 480 rence 20 30 550 520 20 30 a. Use columns 1 and 2 to determine the equilibrium GDP for this hypothetical economy. $ billion b. Now open up this economy to international trade by including the export and import figures of columns 3 and 4. Fill in the gray- shaded cells in columns 5 and 6. Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. What is the equilibrium GDP for the open economy? billion What is the change in equilibrium GDP caused by the addition of net exports? $ billion c. Given the original $20 billion level of exports, what would be net exports and the equilibrium GDP if imports were $10 billion greater at each level of GDP? Fill in the gray-shaded cells. ere to search O ( W N DELL F9 F2 F3 F4 F5 F6 F8 F1 F7