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The following formulas are very important in macroeconomics: 1) Y = C + I + G + EX - IM 2) S = (Y -
The following formulas are very important in macroeconomics:
1) Y = C + I + G + EX - IM
2) S = (Y - T - C) + (T - G)
- Identify the components of each formula.
(Enter response here.)
- Explain the relationship between the two formulas.
(Enter response here.)
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Macroeconomics Principles and Applications
Authors: Robert E. Hall, Marc Lieberman
6th edition
1111822352, 1111822354, 9781133708742 , 978-1111822354
