If gross investment plus government expenditures total $30 billion, net exports are zero, and there is a lump-sum tax of $30 billion at all levels of real GDP, then the after-tax equilibrium level of real GDP will be: _________

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02-03-2022
Business

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If gross investment plus government expenditures total $30 billion, net exports are zero, and there is a lump-sum tax of $30 billion at all levels of real GDP, then the after-tax equilibrium level of real GDP will be: _________

Sagot :

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abiolataiwo2015 abiolataiwo2015 · Answer 1 · 2022-03-16T12:52:56-04:00

The after-tax equilibrium level of real GDP will be $540 billion.

What is GDP?

GDP which full meaning is gross domestic product can be defined as the value of goods and service in a country at a particular period of time.

The after-tax equilibrium level of real dross domestic product is $540 billion which is the point or level at which total expenditure of $30 billion equal the lump-sum tax of the amount of $30 billion.

Inconclusion the after-tax equilibrium level of real GDP will be $540 billion.

Learn more about after-tax equilibrium level of real GDP here:https://brainly.com/question/21305457

If gross investment plus government expenditures total $30 billion, net exports are zero, and there is a lump-sum tax of $30 billion at all levels of real GDP, then the after-tax equilibrium level of real GDP will be: _________

Sagot :

What is GDP?

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