Why does equilibrium real GDP occur where C 1 I g 5 GDP in a private closed

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Why does equilibrium real GDP occur where C 1 I g 5 GDP in a private closed economy? What happens to real GDP when C 5 I g exceeds GDP? When C 5 I g is less than GDP?

What two expenditure components of real GDP are purposely excluded in a private closed economy? LO1

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Economics Principles Problems And Policies

ISBN: 9780073511443

19th Edition

Authors: Campbell Mcconnell ,Stanley Brue ,Sean Flynn

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