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Macroeconomics 12th Edition by Rudiger Dornbusch, Stanley Fischer ,Richard Startz
Edition 12ISBN: 978-1259070969Macroeconomics 12th Edition by Rudiger Dornbusch, Stanley Fischer ,Richard Startz
Edition 12ISBN: 978-1259070969 Exercise 5
Assume that GDP is $6,000, personal disposable income is $5,100, and the government budget deficit is $200. Consumption is $3,800, and the trade deficit is $100.
a. How large is saving ( S )
b. How large is investment ( I )
c. How large is government spending ( G )
a. How large is saving ( S )
b. How large is investment ( I )
c. How large is government spending ( G )
Explanation
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Gross Domestic Product ( GDP ): It refer...
Macroeconomics 12th Edition by Rudiger Dornbusch, Stanley Fischer ,Richard Startz
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