Return to the local economy depicted in Table 22.1. Suppose that exports double (manufactures increase to 40
Question:
Return to the local economy depicted in Table 22.1. Suppose that exports double
(manufactures increase to 40 and services increase to 20).
a. Recalculate the entire table.
b. Does the size of the local economy double?
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Related Book For 
Urban Economics And Real Estate: Theory And Policy
ISBN: 9781621577706
2nd Edition
Authors: John F. McDonald, Daniel P. McMillen
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