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.

2) In 2009, President Obama suggested that he was willing to add more stimulus funding once he was elected so what variable was President Obama suggesting he was going to increase?

3) When Governor Romney during the 2012 debates discussed he was concerned with China hold on our country cash, which of those terms do you suppose he was talking about?

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