Real consumption expenditures in the economy is 600, Ask an Expert

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Real consumption expenditures in the economy is $600, investment expenditure is $100, government expenditures of goods and services is $150, exports is $60, imports is $80, labor force is 40, unemployment rate is 3 percent, money multiplier is 8.3, real interest rate is 3.5 percent. Calculate real GDP. [Hint: some of the data provided above are not needed to answer the question.]

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91949768

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