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lbsusugar lbsusugar
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2 weeks ago
The Savings-Investment Spending Identity In Closed and Open Markets

If, in a closed economy, real GDP is $80 billion, consumption is $35 billion, and government purchases are $25 billion, what is investment in this economy?

▸ $140 billion

▸ $70 billion

▸ $60 billion

▸ $20 billion
Textbook 

Macroeconomics


Edition: 3rd
Authors:
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adandaroozaadandarooza
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2 weeks ago
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More solutions for this book are available here
$20 billion

The formula for investment is: real GDP - consumption - government purchases.
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