In the full circular flow, C = $300, net Taxes = $100, Saving = $40, Private domestic investment = $50, Govt purchases $50, and net Exports $50. If so, GDP is, closest to $400-$50-$100 $500 $590 = $450

In the full circular flow, C = $300, net Taxes = $100, Saving = $40, Private domestic investment = $50, Govt purchases $50, and net Exports $50. If so, GDP is, closest to $400-$50-$100 $500 $590 = $450

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter11: Gross Domestic Product

Section: Chapter Questions

Problem 4SQP

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