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Suppose output is $35 billion,government purchases are $10 billion,consumption is $15 billion,and net exports are $4 billion.Assume net factor payments equal 0.
(a)Calculate the equilibrium amount of investment.Show your work.
(b)Calculate the equilibrium amount of absorption.Show your work.
(c)Calculate the equilibrium amount of the capital and financial account balance.Show your work.
Quart of Milk
A unit of liquid measurement commonly used in the United States, equivalent to approximately 0.946 liters of milk.
T-shirt
A T-shirt is a casual piece of clothing, typically made of cotton fabric, characterized by its T shape formed by the body and sleeves.
Consumer Price Index
A tool that analyzes the combined weighted price of a mix of consumer products and services, including medical care, transportation, and food, used for calculating inflation rates.
Base Year
A specific year chosen as a standard of comparison for financial or economic data, allowing for the calculation of changes or growth over time.
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