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Exhibit 10.2
-Refer to Exhibit 10.2. The short-run equilibrium output in the economy is Y₁.
Government Purchases
Expenditures by government entities on goods and services that directly consume or invest in order to fulfill public objectives.
Net Taxes
Taxes paid to governments minus transfer payments received, representing the actual tax burden on individuals or businesses.
Net Taxes
Refers to the total amount of taxes collected by the government minus any transfers and subsidies provided by the government to individuals or companies.
Government Purchases
Expenditures by government bodies on goods and services to fulfill their operational needs and to provide public services.
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