Disposable personal income decrseases by15 billion and the, Ask an Expert

Economics

Assume the government cuts its purchases by $60 billion. As a result, the budget deficit is reduced by $20 billion, saving increases by $10 billion, disposable personal income decrseases by$15 billion and the trade deficit is reduced by $5 billion. By how much have investment, consumption and national income changed?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9290529

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