Business
Business, 18.12.2019 03:31, faithlopez209

Assume that originally u. s. gdp is $10 trillion, but that the economy is closed and there are no imports or exports. the nation of twinsylvania begins selling high-quality yard tractors in the united states but charges a very low price—say, $70 each. assume that u. s. consumers use this opportunity to buy yard tractors from twinsylvania instead of u. s.-produced yard tractors, and that spending on other u. s. goods does not change.

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Assume that originally u. s. gdp is $10 trillion, but that the economy is closed and there are no im...

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