-Refer to the above diagram which applies to a private closed economy.If gross investment is Ig1,the equilibrium GDP and the level of consumption will be:
Definitions:
Mathematical Expression
A combination of numbers, variables, operators, and sometimes parentheses that represents a mathematical relationship or process.
Mathematical Ratio
A relationship between two numbers indicating how many times the first number contains the second.
Gas Law
A set of laws that describe how the properties of gases (pressure, volume, and temperature) relate to each other.
Mass Spectrometer
An analytical instrument used to identify substances within a sample by separating ions by their mass-to-charge ratio.
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