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19) Refer to Fact 25.4.1. What is the value of the private sector deficit or surplus? 19) Fact 25.4.1 A) +1 billion turkeys You are
19) Refer to Fact 25.4.1. What is the value of the private sector deficit or surplus? 19) Fact 25.4.1 A) +1 billion turkeys You are given the following information about the country of D) zero Variable whose currency is the turkey, and whos BAliens of turkeys C) -3 billion turkeys Real Guy its balance is zero. 50 DJ -2 billion turkeys Consumption expenditure 30 E) -1 billion turkeys Government expenditure on goods and services 12 Since Real GDP = C+|+ G + NX Investment E NX = Real GDP - C - I - G Then Exports 10 NX = [T-G) + 15-0 Government budget deficit 2 15-1 = NX - (T-G
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