Pearson eText Economics -- Instant Access (Pearson+)
Pearson eText Economics -- Instant Access (Pearson+)
13th Edition
ISBN: 9780136879459
Author: Michael Parkin
Publisher: PEARSON+
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Chapter 23, Problem 3SPA

(a)

To determine

Explain why Country ‘C’ was the largest economy until 1890.

(b)

To determine

Explain why Country U surpassed Country ‘C’ in 1890.

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17. Given that C=$700+0.8Y, I=$300, G=$600, what is Y if Y=C+I+G?
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