-3 CCBE - The formulas unit
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Last updated 1:03 AM on 11/23/22
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5 Terms
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GDP
C+I+G+(X-M)
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Consumption formula
c0 + c1(Y-T)
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c1 definition
propensity to consume (how much your private consumption changes when your disposable income increase by one unit)
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gl
gl
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