Use the following data to calculate aggregate expenditure and imports of goods and services. Government expenditure:
Question:
• Government expenditure: $20 billion
• Aggregate income: $100 billion
• Consumption expenditure: $67 billion
• Investment: $21 billion
• Exports of goods and services: $30 billion
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Aggregate expenditure equals aggregate income so aggregate ...View the full answer
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Related Book For 
Macroeconomics Canada in the Global Environment
ISBN: 978-0321778109
8th edition
Authors: Michael Parkin, Robin Bade
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