Suppose GDP is $15 trillion, with $8 trillion coming from consumption, $2 5 trillion coming from gross investment, $3 5 trillion coming from government expenditures, and $1 trillion coming from net exports Also suppose that across the whole economy, personal income is $12 trillion If the governmen...

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Suppose GDP is $15 trillion, with $8 trillion coming from consumption, $2.5 trillion coming from gross...

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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Suppose GDP is $15 trillion, with $8 trillion coming from consumption, $2.5 trillion coming from gross...

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