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Find equilibrium GDP using the following macroeconomic model (the numbers, with the exception of the MPC, mopresent billions of dollars): G.= 1.500 + 0.BOY Consumption
Find equilibrium GDP using the following macroeconomic model (the numbers, with the exception of the MPC, mopresent billions of dollars): G.= 1.500 + 0.BOY Consumption function 1 02.090 Planned investment function G = 1.500 Goverment spending function NX - 100. Net export function Y.C+1.G . NX Equilibrium condition The equilibrium level of GOP is 5bition. (Round your answer to the newest billion dollars)
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