Refer to the above diagram where Ig is gross investment, X is exports, G is government purchases, S and Sa are saving before and after taxes respectively, M is imports, and T is net taxes, that is, taxes less transfers.The equilibrium level of GDP for this economy is:
Definitions:
Scatter Diagram
A graphical representation that shows the relationship between two variables, using dots to represent data points.
Interrelationships
The way in which two or more concepts, objects, or people are connected and affect each other.
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Diagrams that display the structure of an organization and the relationships among its parts or positions.
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