Suppose GDP is $800 billion, taxes are $150 billion, private saving is $50 billion, and public saving

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Suppose GDP is $800 billion, taxes are $150 billion, private saving is $50 billion, and public saving is $20 billion. Assuming this economy is closed, calculate consumption, government purchases, national saving, and investment.

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Managing in a Global Economy Demystifying International Macroeconomics

ISBN: 978-1285055428

2nd edition

Authors: John E. Marthinsen

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Posted Date: Mar 14, 2019 10:11 AM

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Suppose GDP is $800 billion, taxes are $150 billion, private saving is $50 billion, and public saving

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NATIONAL SAVINGS 50BILLION 20BILLIO... View the full answer

Managing in a Global Economy Demystifying International Macroeconomics

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