Question: 1) Using the formula GDP = C + Ig + Xn(X-I) + G Explain what each represents and why this Keynesian formula is used by

1) Using the formula GDP = C + Ig + Xn(X-I) + G

Explain what each represents and why this Keynesian formula is used by economists even today.

4) Governor Romney during the debate suggested that if Government was to spend then which variable did he suggest if small businesses were taxed as President Obama said he would do, would be affected.

5) Tell why do you suppose that President Obama's and the Democrat ideas are said to be Demand Sided.

6) Explain why do you suppose that Governor Romney and the Republican ideas to be Supply Sided.

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