Macroeconomics
4th Edition
ISBN: 9780393602487
Author: Jones, Charles I.
Publisher: W. W. Norton & Company
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Question
Chapter 2, Problem 3E
(a)
To determine
The increase in
(b)
To determine
The increase in GDP if the agent earns a commission of $6,000.
(c)
To determine
What happens to GDP during recession.
(d)
To determine
What happens to GDP if the US airlines purchase and import $50 million worthy of airplanes from the European company.
(e)
To determine
What happen to GDP if new European airlines purchase $50 million from the Americcan company.
(f)
To determine
What happens to GDP if the store buys chocolate from Country B and sells it to the US for $125,000.
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Demand and supply function
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