Why does equilibrium real GDP occur where C + Ig = GDP in a private closed economy?
Question:
Why does equilibrium real GDP occur where C + Ig = GDP in a private closed economy? What happens to real GDP when C = Ig exceeds GDP?
When C = Ig is less than GDP? What two expenditure components of real GDP are purposely excluded in a private closed economy?
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Equilibrium Real GDP in a Private Closed Economy In a private closed economy equilibrium real GDP occurs where total spending consumption C and invest...View the full answer
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Related Book For 
Macroeconomics
ISBN: 9780077337728
19th Edition
Authors: Campbell Mcconnell, Stanley Brue, Sean Flynn, Flynn Mcconnell Brue
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