Compute the actual deficit

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Reference no: EM131391751

Assume an economy with the following variables:

YN = 14000; t = 15% ; YA = 15,700; G = 4800 ; Ta = 750

* Compute the amount of taxes at natural GDP.

* Compute the amount of taxes at real GDP

* Compute the actual deficit

* Compute the N.E.D (Natural Employment Deficit).

Reference no: EM131391751

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