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Unformatted text preview: remaining government tax revenue is used for government purchases of goods and services. The interest on government debt is zero. a. Calculate private disposable income for the young, the old, and for the whole economy. b. What is net government income? What is government saving? Is the government running a deficit or surplus?...
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This note was uploaded on 02/04/2011 for the course ECON 320 taught by Professor Azzamonti during the Fall '08 term at University of Texas at Austin.
- Fall '08