Question
Consider a country with no international trade. The country's economy has fixed prices and interest rates. Let C = 300 + 0.2Y, I = 250,
Consider a country with no international trade. The country's economy has fixed prices and interest rates. Let C = 300 + 0.2Y, I = 250, and G = 0.5C What is this country's GDP?
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The Business of Tourism Management
Authors: John Beech, Simon Chadwick
1st edition
273688013, 273688014, 9781405871631 , 978-0273688013
