Consider the 2 2 production model. Production functions are given by:
September 3, 2020
Compare Canada and China’s economy based on these questions: a.What is the current state of the economy for both countries? b.Is the country
September 3, 2020

good day .

Suppose that GDP is $8 billion, taxes are $1.5 billion, private saving is $0.5 billion, and public saving is 0.2 billion. Assuming the economy is closed, calculate the size of: [5 marks each] (i) Consumption (ii) Investment (iii) Government Spending (iv) National Savings (v) Disposal income

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