Refer to the accompanying information for a closed economy. If government spends $80 billion at each...
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Refer to the accompanying information for a closed economy. If government spends $80 billion at each level of GDP, and imposes a lump-sum tax of $100 O equilibrium GDP will now be $350. equilibrium GDP will now be $400. equilibrlum GDP will now be $300. Ig GDP $100 $100 $80 200 160 40 80 300 220 80 80 400 280 120 80 500 340 160 80 600 400 200 80 700 460 240 80 Refer to the accompanying information for a closed economy. If government spends $80 billion at each level of GDP, and imposes a lump-sum tax of $100 O equilibrium GDP will now be $350. equilibrium GDP will now be $400. equilibrlum GDP will now be $300. Ig GDP $100 $100 $80 200 160 40 80 300 220 80 80 400 280 120 80 500 340 160 80 600 400 200 80 700 460 240 80
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