Someone to help me with this question.. Especially the tabulation part and the e

Question

Someone to help me with this question..
Especially the tabulation part and the equilibrium real G.D.P. Thanks

Quiz: Assignment 6 (Chapter 8) Submit Quiz This Question: 1 pt 10 of 10 (8 complete)T This Quiz: 10 pts possible a. Flin the missing values in the following table Assume that the value of the MEC does not change as real GDP changes and that there are zero taxes. Also assume that the values represent bilions of 2007 dollars (Round your responses to the nearest whove number) Government Net Planned Unplanned (C) Investment yp) Purchases (G) Exports (NX) Aggregate Change in Expenditure Inventories (m (AE) ? $900 1,000 1,100 990 1.200 1080 $120 120 120 120 120 $100 100 100 100 100 $100 100 - 100 - 100 - 100 $810 900 1.300 1170 The value of the MPC Is 0 90 (Round your response to two decimal places) b. The value of equilibrium real GOP is s billion (Round your e P is S billion Round your response to the nearest wnole number) Eriter your ansiwer in each of the answer boxes

Explanation / Answer

R

C

I

G

NX

AE

Unplanned Change in Inventories

MPC

900

810

120

100

-100

930

-30

1000

900

120

100

-100

1020

-20

0.9

1100

990

120

100

-100

1110

-10

0.9

1200

1080

120

100

-100

1200

0

0.9

1300

1170

120

100

-100

1290

10

0.9

Planned AE = C+I+G+NX

Unplanned AE = Real GDP-Planned AE

MPC= change in C/Change in real GDP

Equilibrium real GDP = $1200 billion as AE and real GDP equals at this level

R

C

I

G

NX

AE

Unplanned Change in Inventories

MPC

900

810

120

100

-100

930

-30

1000

900

120

100

-100

1020

-20

0.9

1100

990

120

100

-100

1110

-10

0.9

1200

1080

120

100

-100

1200

0

0.9

1300

1170

120

100

-100

1290

10

0.9

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