What is the value of the country-s gdp
Assume that in 2009, the economy produced two goods and services: X and Y. It produced 100 units of X and 200 units of Y. The price of X, Px, is $2 and the price of Y, Py, is $3. What is the value of the country's GDP in 2009?
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It produced 100 units of X and 200 units of Y. The price of X, Px, is $2 and the price of Y, Py, is $3. What is the value of the country's GDP in 2009?
Suppose the government decides to increase taxes by $30 billion in order to increase SocialSecurity benefits by the same amount. How will this combined tax-transfer policy affect aggregate demand at current prices?
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