In the short run, equilibrium GDP is the level of output at which output and aggregate expenditure are equal
at the equilibrium level of GDP + formula
They are constant at equilibrium GDP.
Yes
The equilibrium and the real GDP usually occurs where C plus LG equals GDP in a private closed economy because of the balance in trade.
is too high for equilibrium
at the equilibrium level of GDP + formula
They are constant at equilibrium GDP.
Yes
The equilibrium and the real GDP usually occurs where C plus LG equals GDP in a private closed economy because of the balance in trade.
is too high for equilibrium
If C is 100 Ig is 50 Xn is -10 and G is 30 what is the economy's equilibrium GDP?
The answer is AJ Sanders
Saving must equal planned investment at equilibrium GDP in the private closed economy because leaking of saving that exceeds the injection of investment causes a level of GDP that cannot be sustained. Having a leaking of saving that is lower than the injection of investment causes the GDP to drive upward. In either case is bad to not have them at equilibrium.
The equilibrium price level increases, but the real GDP change depends on how much aggregate demand and aggregate supply change by.
The equilibrium price level increases, but the real GDP change depends on how much aggregate demand and aggregate supply change by.
The equilibrium price level increases, but the real GDP change depends on how much aggregate demand and aggregate supply change by.
More savings produces greater additions to capital per hour of labor, raising real GDP per person.