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A closed economy can be characterized by: C = 600 + 0.4PDI Taxes = 600 Equilibrium Output = 4000 At equilibrium, the sum of investment
A closed economy can be characterized by:
C = 600 + 0.4PDI
Taxes = 600
Equilibrium Output = 4000
At equilibrium, the sum of investment and government purchases is:
A) none of the other answers is correct
B) 6570
C) 5960
D) 1960
E) 2040
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