Calculate Iberias GDP. Use the following data on the economy of Iberia. Net taxes $18 billion Government

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Calculate Iberia’s GDP.


Use the following data on the economy of Iberia.

  • Net taxes  $18 billion
  • Government expenditure  $20 billion
  • Saving  $15 billion
  • Consumption expenditure  $67 billion
  • Investment  $21 billion
  • Exports  $30 billion
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Related Book For  book-img-for-question

Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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