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Use the following equation to solve the question. The potential GDP is $1,825 C= $100 + .8y I = $200 G= $250 X= $100 -
Use the following equation to solve the question. The potential GDP is $1,825 C= $100 + .8y I = $200 G= $250 X= $100 - .2y What is the equation for AE=Y=GDPr , calculate equilibrium level of real GDP and identify the gap? a. GDP = 1,625 GDPgap = 200 b. GDP = 1,675 GDPgap = 150 c. GDP = 1,600 GDPgap = 225 d. GDP = 1,610 GDPgap = 215 e. GDP = 1,700 GDPgap = 125
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International Economics
Authors: Dominick Salvatore
11th edition
978-1118177938, 1118177932, 1119915732, 978-1118476017, 1118476018, 978-1119915737
