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Consider the formula: GDP = C + I + G + (X - M) A country has a 5 billion increase in government spending,
Consider the formula: GDP = C + I + G + (X - M) A country has a 5 billion increase in government spending, with a 5 billion increase in personal consumption. Assuming nothing else has changed, what happened to GDP? GDP rose by 5 billion GDP declined by 5 billion GDP rose by 10 billion
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Managerial Economics and Business Strategy
Authors: Michael R. baye
7th Edition
978-0073375960, 71267441, 73375969, 978-0071267441
