Budget Deficit and balanced budget
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- เผยแพร่เมื่อ 5 ก.ย. 2024
- in an economy where 20 percent of income is taxed and consumption expendirure 1s percent ot post-tax income. If the level of investment expenditure is $500 and government expenditure is $1,100, then (a) what is the level of income
(b) what is the budget deficit;
(c) what will be the level of income when with unchanged investment and tax rate, government expenditure is such that the budget is balanced?
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