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  3. suppose a closed economy generates 2000 output and

Suppose a closed economy generates 2000 output and income in equilibrium Suppose also that the...

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Suppose a closed economy generates 2000 output and income in equilibrium Suppose also that the government spends 400 and imposes a lump sum tax of 200 By how much is the government in deficit round your answer to the nearest whole value Your Answer

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