Macroeconomics (Book Only)
Macroeconomics (Book Only)
12th Edition
ISBN: 9781285738314
Author: Roger A. Arnold
Publisher: Cengage Learning
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Chapter 10.4, Problem 1ST
To determine

The economy when the total Production is higher than the total Expenditure.

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Students have asked these similar questions
What is the impact of spending changes on GDP?
Total spending in the economy is equal to consumption plus investment plus government spending plus net exports. If households want to save and thus do not use all of their income for consumption, what will happen to total spending? Because total spending in the economy is equal to total income and output, what will happen to the output of goods and services if households wants to save more?
Explain why investment (I) varies more from year-to-year than consumption (C).
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