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Need help in this question 1) Refer to columns 1 and 6 in the table. Incorporate government into the table by assuming that it plans

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1) Refer to columns 1 and 6 in the table. Incorporate government into the table by assuming that it plans to tax and spend $20 billion at each possible level of GDP. Also assume that the tax is a personal tax and that government spending does not induce a shift in the private aggregate expenditures schedule. What is the change in equilibrium GDP caused by the addition of government? (1) (2) (6] Real Domestic Aggregate (5) Aggregate Output Expenditures, Private (3) (4) Net Expenditures, Private (GDP = DI), Closed Economy. Exports, Imports, Exports, Open Economy, Billions Billions Billions Billions Billions Billions $200 $240 $20 $30 S 250 280 20 30 300 320 20 30 350 360 20 30 400 400 20 30 450 440 20 30 500 480 20 30 550 520 20 30 111 111

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