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9 Nov 2021
Problem 10
Page 889
Section: REVIEW QUESTIONS
Chapter D: The Expenditure-Output Model
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9 Nov 2021
Introduction
The investment function sets the relationship between the level of investment and real GDP or the level of output during a given period. The government spending function sets the relationship between the level of government expenditure and real GDP or the level of output during a given period. The expert function shows how the volume of exports changes with the national income or real GDP of a country.
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