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Consider an Economy with GDP of $100 Billion,desired Investment of $20

Question 84

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Consider an economy with GDP of $100 billion,desired investment of $20 billion,desired consumption of $50 billion,and government purchases of $2 billion.Calculate the following:
a.Desired absorption
b.Desired national saving
c.Desired foreign lending

Correct Answer:

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a.$72 bill...

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