The figure shows the flows of expenditure and income on Lotus Island. In 2016, R was $7 billion; W was $39 billion; U was $10 billion; J was $20 billion; and Z was $7 billion. Calculate total expenditure and total income. Total expenditure is S billion. Total income is S billion.
The figure shows the flows of expenditure and income on Lotus Island. In 2016, R was $7 billion; W was $39 billion; U was $10 billion; J was $20 billion; and Z was $7 billion. Calculate total expenditure and total income. Total expenditure is S billion. Total income is S billion.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp
Section: Chapter Questions
Problem 7WNG
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