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Given that total expenditure in a country must equal its total income

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Given that total expenditure in a country must equal its total income, the equation for calculating real gross domestic product for a country that does not trade with other countries is;Y = C + I + G, where Y is total income, C is consumption, I is investment, and G is government purchases.;Subtracting C and G from both sides yields;Y - C - G = I;2.1. The left side of the equation is ________ and the right side of the equation is _________.;A. National saving, interest rate;B. National saving, investment;C. Household saving, investment;D. Household saving, interest rate

 

Paper#24168 | Written in 18-Jul-2015

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