-The Above Table Gives Information for the Nation of East

question 145

Essay

$$\begin{array} { c c c c c c } \text { Real GDP, } Y & \begin{array} { c } \text { Consumption } \\\text { expenditure, } C\end{array} & \begin{array} { c } \text { Government } \\\text { (billionvestment, } I\end{array} & \begin{array} { c } \text { expenditure, } G\end{array} & \begin{array} { c } \text { Exports, } X \\\text { (b) 2005 (billions of 2005 (billions of 2005 (billions of 2005 } \\\text { (billions of }\end{array} & \begin{array} { c } \text { Imports, } M \\\text { (billions of }\end{array} \\\text { dollars) } & \text { dollars) } & \text { dollars) } & \text { dollars) } & 2005 \text { dollars) 2005 dollars) } \\\hline 200 & 260 & 100 & 100 & 50 & 70 \\400 & 420 & 100 & 100 & 50 & 90 \\600 & 580 & 100 & 100 & 50 & 110 \\800 & 740 & 100 & 100 & 50 & 130 \\1,000 & 900 & 100 & 100 & 50 & 150 \\1,200 & 1,060 & 100 & 100 & 50 & 170 \\1,400 & 1,220 & 100 & 100 & 50 & 190 \\1,600 & 1,380 & 100 & 100 & 50 & 210 \\1,800 & 1,540 & 100 & 100 & 50 & 230\end{array}$$
-The above table gives information for the nation of East Hampton.
a. Find aggregate planned expenditure for each level of real GDP.
b. What is the MPC?
c. What is the equilibrium level of real GDP?

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