[Answer] You are given the following information about aggregate demand at the existing price level for an economy: (1) consumption = $500 billion; (2) investment = $50 billion; (3) government purchases = $100 billion; and (4) net export = $20 billion. If the full-employment level of GDP for this economy is $620 billion then what combination of actions would be most consistent with closing the GDP-gap here?

Answer: Increase government spending and decrease taxes

Most relevant text from all around the web:

You are given the following information about aggregate demand at the existing price level for an economy: (1) consumption = $500 billion; (2) investment = $50 billion; (3) government purchases = $100 billion; and (4) net export = $20 billion. If the full-employment level of GDP for this economy is $620 billion then what combination of actions would be most consistent with closing the GDP-gap here? You are given the following information about aggregate demand at the existing price level for an economy : ( 1 ) consumption = $500 billion ; ( 2 ) investment = $50 billion ; ( 3 ) government purchases = $100 billion ; and (4 ) net export = $20 billion . If the full-employment level of GDP for this economy is $620 billion then what combination of actions ... You are given the following information about aggregate demand at the existing price level for an economy : ( 1 ) consumption = $500 billion ; ( 2 ) investment = $50 billion ; ( 3 ) government purchases = $100 billion ; and (4 ) net export = $20 billion . If the full-employment level of GDP for this economy is $620 billion then what combination of actions ... You are given the following information about aggregate demand at the existing price level for an economy : ( 1 ) consumption = $500 billion ; ( 2 ) investment = $50 billion ; ( 3 ) government purchases = $100 billion ; and (4 ) net export = $20 billion . If the full-employment level of GDP for this economy is $620 billion then what combination of actions ... You are given the following information about aggregate demand at the existing price level for an economy : ( 1 ) consumption = $500 billion ; ( 2 ) investment = $50 billion ; ( 3 ) government purchases = $100 billion ; and (4 ) net export = $20 billion . If the full-employment level of GDP for this economy is $620 billion then what combination of actions ... You are given the following information about aggregate demand at the existing price level for an economy : ( 1 ) consumption = $500 billion ; ( 2 ) investment ...

Disclaimer: 

Our tool is still learning and trying its best to find the correct answer to your question. Now its your turn, "The more we share The more we have". Comment any other details to improve the description, we will update answer while you visit us next time...Kindly check our comments section, Sometimes our tool may wrong but not our users.

Are We Wrong To Think We're Right? Then Give Right Answer Below As Comment