In an open economy, the relationship between GDP (Y) and expenditures is Y = C + I + G

Indicate whether the statement is true or false

FALSE

Economics

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In the United States, although people in different income groups pay different tax rates, every dollar earned by a specific individual is taxed at the same rate

Indicate whether the statement is true or false

Economics

What percentage of Aggregate Expenditure is consumption in recent decades?

a. 22% b. 15% c. 32% d. 70%

Economics