Use the following information to complete the calculations. C = 15235 + 0.67Y I = 8777 %3D G = 3425 NX = -551 %3D What is the value of autonomous expenditure (AE)? Round your answer to the nearest dollar.

Use the following information to complete the calculations. C = 15235 + 0.67Y I = 8777 %3D G = 3425 NX = -551 %3D What is the value of autonomous expenditure (AE)? Round your answer to the nearest dollar.

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter7: Taking The Nation's Economic Pulse

Section: Chapter Questions

Problem 4CQ

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Question

Use the following information to complete the calculations.
C = 15235 + 0.67Y
I = 8777
G = 3425
NX = -551
What is the value of autonomous expenditure (AE)? Round your answer to the nearest dollar.
AE: $
Calculate the equilibrium level of GDP. Round your answer to the nearest dollar.
GDP: $

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