rium real GDP occur where C + I g = GDP in a private closed economy? What happens to real GDP when C + I g exceeds GDP? When C + I g is less than GDP?…

Why does equilibrium real GDP occur where C + Ig = GDP in a private closed economy? What happens to real GDP when C + Ig exceeds GDP? When C + Ig is less than GDP? What two expenditure components of real GDP are purposely excluded in a private closed economy?





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