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4 years ago

Given the equations for c, i, g, and nx below, what is the equilibrium level of gdp? c = 1,000 + 0.8y i = 1,500 g=1,250 nx = 100

1 answer:

3 0

equilibrium level of gdp is 19,250.

E= C + I + G + NX
E = Y
Y = (1,000 + 0.8y) + 1,500 + 1,250 + 100
Y = 0.8y + 3850
Y-0.8y = 0.8y-0.8y + 3850
0.2y = 3850
Y = 3850/0.2
Y = 19,250

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Answer:

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Explanation:

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Data provided as per the question

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