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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?
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A sporting goods store has estimated the demand curve for a popular brand of running shoes as a function of price. Use the diagram to answer the questions that follow. a.
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