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Suppose you are given the following data for the economy of Xanadu. Government expenditure: $30 billion Aggregate income: $90 billion Consumption expenditure: $65 billion Investment:
- Suppose you are given the following data for the economy of Xanadu.
- Government expenditure: $30 billion
- Aggregate income: $90 billion
- Consumption expenditure: $65 billion
- Investment: $15 billion
- Exports of goods and services: $5 billion
Calculate the following (show and explain your work):
- Aggregate expenditure
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The Americans An Economic Record An Economic Record
Authors: Stanley Lebergott
1st Edition
0393953114, 9780393953114
