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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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briefly explain any five uses of national income statistics
Compare and contrast federal government expenditures, state and local government expenditures, and financing government expenditures. Suggest a total of three actions that should b
Suppose Zippy's Banana Juice can produce according the following long-run production function. Q = 5 L 2 + 20 K - 0.4 K 2 where Q is gallons of juice per hour, L is labor hours,
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