ECON 203 - Lab 3 - Question 2.pdf - Print Preferences Help...

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Question 2 [16 points]Research by a team of expert economists has uncovered the consumption and import functions and produced aforecast of planned investment and exports for the economy of Sunny City as reported below:a)What equilibrium real GDP would Sunny City produce?b)What are the marginal propensities to consume and import in Sunny City.
c)What is the size of the multiplier?d)If actual GDP were 800, what difference between planned and actual investment would result? Why?

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Term
Winter
Professor
Islam

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