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Fill in the missing values in the following table. Assume that the value of the MPC does not change as real GDP changes and t
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Answer #1

Solution:-

The Formula to compute Planned aggregate Expenditure and Unplanned Change in Inventory:-

Planned aggregate Expenditure = Consumption + Planned Investment + Govt Purchase + Net Export

Unplanned Change in Inventory = Real GDP - Planned Aggregate Expenditure

Real GDP

Consumption

Planned Investment

Govt Purchase

Net Export

Planned aggregate Expenditure

Unplanned Change in Inventory

$8000

$4800

$800

$1200

-$200

$6600

$1400

$9000

$5400

$800

$1200

-$200

$7200

$1800

Planned aggregate Expenditure = $4800 + $800 + $1200 + -$200 = $6600

Unplanned Change in Inventory = $8000 - $6600 = $1400

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