Suppose that in an economy, investment is $400 billion, saving is $400 billion, tax revenues are $500
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Suppose that in an economy, investment is $400 billion, saving is $400 billion, tax revenues are $500 billion, exports are $300 billion, and imports are $200 billion. Calculate government expenditure and the government’s budget balance.
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The circular flow shows that GDP C I G X M The circular flow also shows that Y C S T Because GDP ...View the full answer
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