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What is the full form of IG in a field of economics?

Adh99 ∙

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∙ 13y ago

Updated: 12/12/2022

Investment inventory.

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∙ 13y ago

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What is the Expenditure Approach to determining Gross Domestic Product?

c + ig +g + xn = GDP c + ig +g + xn = GDP

Formula for GDP using expenditure apporach?

GDP = C + Ig +G +Xn

What of the following is a problem for the production of public goods?

ig it's my turn to chip in the possiblity of free riders- APEXXX

How is the GDP calculated using the expenditure method?

GDP Expenditure Compositions (or) Expenditure Method = C + Ig + G + Xn : Personal consumption expenditures (C) -4.3% Gross domestic investment (Ig) -23.0 Government purchases (G) +1.3 Net exports (Xn) -6.1 Real GDP -6.3

Why does equilibrium real GDP occur where C plus Ig equals GDP in a private closed economy?

The equilibrium and the real GDP usually occurs where C plus LG equals GDP in a private closed economy because of the balance in trade.

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