The table below shows aggregate values a hypothetical country. Real GDP is equ GDP. The numbers are in billions of dollars. Potential GDP Net tax revenue (T) Government purchases (G) Desired Investment (I) Desired Consumption (C) 950 125 140 10 800 The government is currently experiencing a a) budget deficit b) budget surplus c) balanced budget
The table below shows aggregate values a hypothetical country. Real GDP is equ GDP. The numbers are in billions of dollars. Potential GDP Net tax revenue (T) Government purchases (G) Desired Investment (I) Desired Consumption (C) 950 125 140 10 800 The government is currently experiencing a a) budget deficit b) budget surplus c) balanced budget
Chapter4: The Aggregate Economy
Section: Chapter Questions
Problem 8E
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