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The equation for calculating GDP in a closed econom

The equation for calculating GDP in a closed economy is:

GDP = C + I + G

Subtracting C and G from both sides of the equation yields:

GDP - C - G = I

The right side of the equation is investment spending. The left side of the equation equals:

(A) National savings

(B) National income

(C) Tax revenue

(D) The budget deficit

Apr 23 2018 View more View Less

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