[1] Y = C + I + G, where:
Y = GDP = National Income
C = Aggregate Consumption Expenditure
I = Aggregate Investment Expenditure
G = Aggregate Government Expenditure
If you want a smooth G then economists are going to need an army to keep California, Illinois, NY and Texas in check. These are the major funding states for Washington DC, and the people in these states do not go around with one G in their head.
No comments:
Post a Comment