Starting from the situation depicted in Figure 2-3, assume that business firms produce an additional $500,000 worth

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Starting from the situation depicted in Figure 2-3, assume that business firms produce an additional $500,000 worth of goods, of which only $450,000 are bought during the current year. What are the new values for the following categories?
(a) Income
(b) Consumption expenditure
(c) Personal saving
(d) Investment
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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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