The table given below reports the value of real GDP and its components consumption (C) , investment (I) , exports, and imports for two consecutive years in an economy.?
-Refer to Table 10.3. To increase the equilibrium real GDP to $12,000 in year 3 in this economy, all else equal to that in year 2, investment would have to increase by:
Definitions:
Premature
Occurring or done before the usual or proper time; too early.
United States
A country in North America consisting of 50 states, a federal district, and several territories.
Gray Matter
A component of the central nervous system consisting of neuronal cell bodies, neuropil (dendrites and axons), glial cells, and capillaries, which is critical for processing information in the brain.
Cognitive Functions
The intellectual processes that include thinking, reasoning, problem-solving, perception, and memory.
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