The Formula or Model of Government Spending (738 words, 3 pages)
The model,though, needs to be expanded if it is to be of any use. It currently lacks theimpact of government and foreign trade. Firstly, theimpact of government will be considered. Government spending is a form ofinvestment, and thus is incorporated into the formula as G YCIG. Personaldisposable income is the ...
Read More