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The country of Nemedia does not trade with any other country. Its GDP is 20 billion. Its government collects 4 billion in taxes and pays out 3 billion to households in the form of transfer payments. Consumption equals 15 billion, and investment equals 2 billion. What is the value of goods and services purchased by the government of Nemedia?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M954791

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