Multiple Choice
Assume a closed economy.If consumption spending is $6.2 trillion,investment spending is $2.5 trillion,net taxes are $1.5 trillion and total income is $11 trillion,how much must government purchases be?
A) $2.3 trillion
B) $0.8 trillion
C) $3.3 trillion
D) $7 trillion
E) cannot be determined without more information
Correct Answer:
Verified
Correct Answer:
Verified
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