HOUSEHOLDS GOVERNMENTS FACTOR MARKETS GOODS MARKETS X-M REST OF WORLD X-M FIRMS In the above diagram, flow Y was $10 trillion, flow C was $8 trillion, flow I was $3 trillion, and flow (X-M) was -$5 trillion. Calculate government expenditure.
HOUSEHOLDS GOVERNMENTS FACTOR MARKETS GOODS MARKETS X-M REST OF WORLD X-M FIRMS In the above diagram, flow Y was $10 trillion, flow C was $8 trillion, flow I was $3 trillion, and flow (X-M) was -$5 trillion. Calculate government expenditure.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![HOUSEHOLDS
GOVERNMENTS
FACTOR
MARKETS
GOODS
MARKETS
X-M
REST
OF
WORLD
X-M
FIRMS
In the above diagram, flow Y was $10 trillion, flow C was $8 trillion, flow I was $3 trillion, and flow (X-M) was -$5 trillion. Calculate government expenditure.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3caab3d7-caa9-4397-b453-6bef89d56921%2Fc486cb22-9fa1-4fc8-8fea-07dc6c748957%2Feiq0n5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:HOUSEHOLDS
GOVERNMENTS
FACTOR
MARKETS
GOODS
MARKETS
X-M
REST
OF
WORLD
X-M
FIRMS
In the above diagram, flow Y was $10 trillion, flow C was $8 trillion, flow I was $3 trillion, and flow (X-M) was -$5 trillion. Calculate government expenditure.
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