Choose any economy and plot the trends of its general government final consumption expenditure, household final consumption

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Choose any economy and plot the trends of its general government final consumption expenditure, household final consumption expenditure, and GDP growth from 1960 to the latest available year. Does the annual growth rate of government spending for this economy have a positive relationship with its annual GDP growth rate and a negative relationship with the growth rate of consumption, as predicted by the model?

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Macroeconomics

ISBN: 9781292215792

6th Global Edition

Authors: Stephen Williamson

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