ostudel trayenestaspxtestid 17 3158434centerwinyes Econ 3001

ostudel trayenestaspx?testid= 17 3158434&centerwin-yes; Econ 3001 Wintersession 2017/2018 Quiz: Quiz Chapter 20 This Question: 1 pt 30132 (12 complete) Suppose the economy is described by the following equations C- 100+0 8Y -50-05 G·100 T-0 NX-50-1.5 Sove for aggregate output Y Use the tablo below to 1il in equililbrium values of aggregate outpus, consumption, planned investment, and net exports for different values ofr Aggregate ConsumptionPlanned Government Net Exports, NX Output, Y Expenditure. C Investment, l-pending, G 100 100 100 100 100

Solution

Aggreagate Output Y = C+I+G+NX

Y = (100+0.8Y)+(50-0.5r)+100+(-50-1.5r)

Therefore, Y=1000-10r

Now, if we fill up the table,

Consumption

Expenditure,C

Planned

Investment,I

Government

Spending,G

r	Aggregate Output,Y	Consumption Expenditure,C	Planned Investment,I	Government Spending,G	Net Export,NX
0	1000	900	50	100	-50
2	980	884	49	100	-53
4	960	868	48	100	-56
6	940	852	47	100	-59
8	920	836	46	100	-62
10	900	820	45	100	-65