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Use the following data on the economy of Iberia to work Problems 5 and 6. Net taxes $18 billion Government expenditure $20 billion Saving $15
Use the following data on the economy of Iberia to work Problems 5 and 6.
- Net taxes $18 billion
- Government expenditure $20 billion
- Saving $15 billion
- Consumption expenditure $67 billion
- Investment $21 billion
- Exports $30 billion
a. Calculate Iberia's GDP.
b. Calculate Iberia's imports of goods and services
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Macroeconomics
Authors: Charles I. Jones
1st Edition
978-0393926385, 0393926389
