GDP - fixed investments(20 percent Government spending Nx...

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GDP: Total market value of goods and services produced -Domestic Factors of Production Consumption 70 percent + (15 percent) Investments – plant, equipment, structures , inven-
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Unformatted text preview: fixed investments + (20 percent) Government- spending + Nx- Net exports (-5 percent) GDP-spending-income-value added (GDP measure of all output = measure of all spending)...
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This note was uploaded on 04/24/2008 for the course ECON Intro-micr taught by Professor Alexander during the Spring '08 term at University of Houston.

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