In an economy with the characteristics shown in the table below, Percent of Aggregate Component Income Consumption 50.7 Investment 26.6 Government Expenditure 14.5 Exports 35.1 what is the level of imports as a percent of aggregate income?
In an economy with the characteristics shown in the table below, Percent of Aggregate Component Income Consumption 50.7 Investment 26.6 Government Expenditure 14.5 Exports 35.1 what is the level of imports as a percent of aggregate income?
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter1: Welcome To Economics!
Section: Chapter Questions
Problem 6SCQ: Suppose we extend the circular flow model to add imports and exports. Copy the circular flow diagram...
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Transcribed Image Text:In an economy with the characteristics shown in the table below,
Percent of Aggregate
Component
Income
Consumption
50.7
Investment
26.6
Government Expenditure
14.5
Exports
35.1
what is the level of imports as a percent of aggregate income?
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