Refer to the accompanying figure. 
Based on the figure, when PAE = 600 + 0.5Y, short-run equilibrium output equals:
Definitions:
Trade Deficit
An economic condition where a country's imports exceed its exports over a certain period, leading to negative net exports.
Exchange Rate
The value of one currency for the purpose of conversion to another, determining how much of one currency can be exchanged for another currency.
Pound
A unit of currency used in the United Kingdom and other territories, symbolized by £ and formally known as the pound sterling.
Currency Depreciates
A decrease in the value of a country's currency with respect to one or more foreign benchmark currencies, typically in a floating exchange rate system.
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