which one would it be and how would you solve it.
$7,300.
$2,433.
$9,125.
$6,325.
2006-10-12 16:55:19 · 3 answers · asked by Anonymous in Education & Reference ➔ Higher Education (University +)
If the formula is
Y=C+I+G+NX
Y=$325+0.75Y+$1,500+$0
Y=$1,825+0.75X
0.25Y=$1,825
Y=$7,300
=equilibrium Real GDP.
I'm not sure if I used the right formula, but based on the information you
gave me, that is the best I can do. Check with your classmates, and
see what they used, or ask the instructor if you're applying the correct formula.
2006-10-12 18:40:54 · answer #1 · answered by Answerer17 6 · 0⤊ 0⤋
There's going to be a formula in your textbook or notes, but if there isn't, read below.
2006-10-13 00:03:35 · answer #2 · answered by Brian L 7 · 0⤊ 0⤋
it would be 2,433
just plug everything in
2006-10-12 23:57:23 · answer #3 · answered by k2rid3r 1 · 0⤊ 0⤋