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1)The investment is $ 4 billion , net exports are zero , and there is no government , the equilibrium level of GDP will be ?
2) if investment is $ 10 billion , net exports are (-2) million and there is no government , the equilibrium level of GDP will be ?
3) Investment is $ 4 billion , net exports are $4 and Government collects a lump-sum tax of $ 90 billion and spends $30 billion . Assume all taxes are personal taxes and the government spending does not entail shifts in the consumption and investment . The equilibrium of GPD will be ?
Posted Date: 10/26/2012 5:30:39 AM | Location : United States
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