Suppose for economy of springfield, we have following info. for 2006: consumption expenditures = $4,000; wages = $3,500; gross private domestic investment = $1,300; government expenditures = $2,000; exports = $900; imports = $1,100. using the expenditure approach what would the gross domestic product (gdp) be for springfield in 2008?
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Suppose for economy of springfield, we have following info. for 2006: consumption expenditures = $4...
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