Find equilibrium gdp using the following macroeconomic model: a) c = 1,000 + 0.8y consumption function b) i = 500 investment function c) g = 600 government spending function d) nx = -100 net export function e) y = c + i + g + nx equilibrium condition

$10,000

Explanation:

Equilibrium GDP is found using this equation:

Y = C + I + G + NX

Inputing the values provided in the question into the above equation;

Y = 1000 + 0.8Y + 500 + 600 - 100

Y = 2000 + 0.8Y

Collecting like terms

Y - 0.8Y = 2000

0.2Y = 2000

Y = $10,000

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