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C https://newconnect.mneducat gregate Expenditures Ho... Help Save & Exit Submit Saved Check my work 8 The table below shows the annual consumption expenditure (C) and output (Y) for a developing nation. We assume that there are no taxes, so disposable income (DI) is the same as income (Y). 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 oints a. What is the value of autonomous consumption for this economy? eBook Print References 2 b. What is the equilibrium level of consumption in this economy with no investment, government purchases, or international trade? 400 Aggregate Expenditures for a Developing Nation Gross Government Net Aggregate Real GDP Consumption Investment Purchases Exports Expenditures (dollars) (dollars) (dollars) (dollars) (dollars) (dollars) (NX) (AE) $e 10,000 20,000 30,800 40,000 58,000 60.860 $20,000$ 25,800 3e,000 35,000 40,880 45,800 50.000 Mc Graw

Explanation / Answer

ReaI GDP Consumption Gross Investment Government purchase Net Exports Aggregate Expenditure 0 20000 1000 2000 2000 25000 10000 25000 1000 2000 2000 30000 20000 30000 1000 2000 2000 35000 30000 35000 1000 2000 2000 40000 40000 40000 1000 2000 2000 45000 50000 45000 1000 2000 2000 50000 60000 50000 1000 2000 2000 55000 c) Gross investment wiII be equaI to 1000 d) Government purchases (G) = 2000 e) Net Exports (NX) = Exports -Imports = 4000 -2000 = 2000 f) AE = C+ I+G+NX g) EquiIibrium IeveI of GDP is where Y = AE. So equiIibrium is 50000. *Piease upvote if posibIe.

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