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Consumption = $3 trillion, Investment spending =$2 trillion, Government purchases = $2 trillion, net exports via the ROW is $0 trillion.
1. What is the best estimate of real GDP? Based on this equation, the real GDP?
2. If taxes net of transfer payments are $ 1 trillion, what is savings?
Write the compensation principal of socitovsky
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1a. Show on the market for milk the effect of the introduction of BGH (bovine growth hormone). 1b. Show on the market for cheese the impact of what happened in the milk market.
What is the difference between the short-run framework and the long-run framework? Discuss how each relates to supply and demand.
Q. Explain the Says Law? GDP, and Say's Law Aggregate supply Y S = f(L, K) in the classical model where L is concluded in the labor market while K is
To determine of the wealth is earned by nations by economic activates all around the globe. Gross National Income comprises the total value of goods and services formed within a
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What is the study of economics about?
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