Safari File Edit View History Bookmarks Window Help 58% Thu 8:14 PM Q DE . . . ezto.mheducation.com MyOdu | Main view Connect Content Course Hero mricoECONOMICS - Google Search + Chapter 11 HW Assignment i Saved Help Save & Exit Submit Check my work 5 Problem 11-7 (Algo) Refer to columns 1 and 6 in the table below. 17 (1) (2) (3) (4) (5) (6) points Real Domestic Aggregate Aggregate Output, (GDP = Expenditures, Exports, Net Exports, Expenditures, DI), Billions Private Closed Billions Imports, Billions Billions Private Open eBook Economy, Billions Economy, Billions $300 340 $30 $20 $10 350 References $350 $380 $30 $20 $10 $390 $400 $420 $30 $20 $10 $430 $450 $460 $30 $20 $10 $470 $500 $500 $30 $20 $10 $510 $550 $540 $30 $20 $10 $550 $600 $580 $30 $20 $10 $590 $650 $620 $30 $20 $10 $630 Instructions: Round your answer to the nearest whole number. Incorporate government into the table by assuming that it plans to tax and spend $28 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? Mc Graw Hill ducation 67,976 JUN 84 9 25