Disposable personal income decreases by 50 billion and, Ask an Expert

Economics

Q. Assume government cuts its purchases by $120 billion. As a result, budget deficit is reduced by $40 billion, private domestic saving decreases by $10 billion, disposable personal income decreases by $50 billion and trade deficit is reduced by $15 billion. By how much has national income (Y) changed?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9294324

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