1.1. Calculate GDP in this simple economy: Consumer purchases: $100 per year Investment purchases: $50 per year...

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1.1. Calculate GDP in this simple economy:

Consumer purchases: $100 per year Investment purchases: $50 per year Government purchases: $20 per year Total exports: $50 per year Total imports: $70 per year

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Modern Principles Macroeconomics

ISBN: 124428

2nd Edition

Authors: Tyler Cowen ,Alex Tabarrok

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