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swer the following questions and explain your work briefly : Suppose a closed economy has consumption equals $8 million, government spending of $2 million and

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swer the following questions and explain your work briefly : Suppose a closed economy has consumption equals $8 million, government spending of $2 million and a udget surplus of $3 million. Find the difference between national income and investment. The country of Nemedia does not trade with any other country. In the long-run, its income is $20 billion. Its overnment collects $4 billion in net tax revenue and has a balanced budget. Investment equals $2 billion. What is the value of the goods and services purchased by the government of Nemedia? 1 A B F E #

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