Answered: Suppose a closed economy has national…

Suppose a closed economy has national income of $11 million, Investment of $2 million, CPI of 150 and a budget surplus of $4 million. Find the sum of consumption and government purchases (C+G).

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter15: Gross Domestic Product

Section: Chapter Questions

Problem 9SQP

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Suppose a closed economy has national income of $11 million, Investment of $2 million,
CPI of 150 and a budget surplus of $4 million. Find the sum of consumption and
government purchases (C+G).

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