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Business, 13.11.2020 20:40 canyonrico05

Assume that a country has consumer spending of $77 Billion, Investment spending of $43 Billion, Government spending of $49 Billion, and imports $23 billion worth of goods while exporting $33 billion worth of goods. a. What is this country’s nominal GDP? b. Is this country running a trade deficit or surplus? c. Assume that consumer spending increases by $3 Billion, what happens to GDP? d. After this, assume that investment spending decreases by $10 Billion, what happens to GDP?

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