Fredonia has the following consumption function
A. Find the equlibrium level of GDP
b. How much is saves? Is savings equal to investment?
c. Now suppose that an export-promotion drive succeeds in raising net exports to $100. Answer (a) and (b) under these new circumstances.
© BrainMass Inc. brainmass.com July 16, 2018, 12:53 pm ad1c9bdddfSolution Summary
The equilibrium level of GDP is found. The equal investment savings are analyzed.
$2.19