Question
150. Suppose MTR 0.3 and G $300 million for the economy of White Forest. a) At what level of GDP will White Forest have
150. Suppose MTR 0.3 and G $300 million for the economy of White Forest. a) At what level of GDP will White Forest have a balanced budget? b) At what level of GDP will White Forest have a budget surplus of $60 million? c) What is the balance of the government budget if the level of GDP is $900 million? a) $1,000 million b) $1,200 million c) Deficit of $30 million
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Macroeconomics
Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson
3rd Canadian edition
1319120083, 1319120085, 1319190111, 9781319190118, 978-1319120054
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