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Suppose a closed economy generates $2000 output and income in equilibrium. Suppose also that the government spends 400 and imposes a lump-sum tax of
Suppose a closed economy generates $2000 output and income in equilibrium. Suppose also that the government spends 400 and imposes a lump-sum tax of 200. By how much is the government in deficit? (round your answer to the nearest whole value) Your Answer:
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Foundations Of Linear And Generalized Linear Models
Authors: Alan Agresti
1st Edition
1118730038, 978-1118730034
