The table shows the consumption schedule for a hypothetical economy.All figures are in billions of dollars.
-Refer to the above table.If taxes were zero,government purchases of goods and services $10,planned investment $6,and net exports zero,equilibrium real GDP would be:
Definitions:
Necessary Capital
The minimum amount of financial resources required for a business to start, maintain its operations, or expand.
Corporation by Estoppel
Corporation by estoppel is a legal doctrine preventing an individual from denying a group's status as a corporation if they have treated it as such in their dealings.
Defective Corporation
A company that has failed to comply with certain legal formalities required for its establishment, potentially affecting its legal standing.
Foreign Corporation
A corporation in a state in which it conducts business but is not incorporated.
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