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Suppose government spending was [tex]\$3.80[/tex] trillion, tax revenue was [tex]\$4.50[/tex] trillion, GDP was [tex]\$14.00[/tex] trillion, and total consumer spending was [tex]\$10.80[/tex] trillion.

Instructions:

Answer :

The government spending, tax revenue, GDP, and total consumer spending are given as follows:
Government spending: $3.80 trillion
Tax revenue: $4.50 trillion
GDP: $14.00 trillion


Total consumer spending: $10.80 trillion


To analyze the economic situation, we can use the formula for GDP:

GDP = Government spending + Total consumer spending + Investment + Net exports

From the given information, we can rearrange the formula to solve for investment:

Investment = GDP - Government spending - Total consumer spending - Net exports

Substituting the values:

Investment = $14.00 trillion - $3.80 trillion - $10.80 trillion - Net exports

Now, we need to find the value of Net exports. Net exports is calculated as the difference between exports and imports. Unfortunately, the question does not provide any information about exports or imports. Therefore, we cannot calculate the exact value of Net exports.

In conclusion, based on the given information, we can calculate the investment component of GDP using the formula: Investment = GDP - Government spending - Total consumer spending - Net exports. However, we cannot calculate the value of Net exports without additional information about exports and imports.

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