Question
13) The following data was provided for an economy (in Billions of dollars): Consumption: 200 + 0.75Y Investment : 500 Government spending: 400 Value of
13)
The following data was provided for an economy (in Billions of dollars): Consumption: 200 + 0.75Y Investment : 500 Government spending: 400 Value of Exports : 600 Value of imports: 300 Given an output level(Y) of 800, What is the value of aggregate demand?
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Essentials Of Economics
Authors: Bradley Schiller
7th Edition
0073375802, 9780073375809
