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QUESTION
Suppose an economy has GDP of $700 million, Taxes are $210 million, and there are no transfer payments. The government is running a surplus of $60...
Suppose an economy has GDP of $700 million, Taxes are $210 million, and there are no transfer payments. The government is running a surplus of $60 million and Investment is $100 million. What are Consumption and Government Spending equal to
