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The economy's disposable income (DI) is equal to the economy's real GDP with three assumptions: (1) no capital depreciation; (2) government balanced budgets; and (3)
The economy's disposable income (DI) is equal to the economy's real GDP with three assumptions: (1) no capital depreciation; (2) government balanced budgets; and (3) _____________________________.
a.
no taxes
b.
no business saving (retained earnings)
c.
no foreign taxes
d.
no interest earnings
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Managerial Economics and Organizational Architecture
Authors: James Brickley, Clifford W. Smith Jr., Jerold Zimmerman
6th edition
