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28

Economics

28. Total planned expenditure (equals income) is 13500, autonomous consumption expenditure is 600, the marginal propensity to consume is 0.8, government purchases are 2700, taxes are 2500 and planned investment spending is 2900. Net exports are equal to:

29 

Discuss comparative advantage.How comparative advantage drives exports in the US and how that affects labour markets.Also cite relevant theory if applicable.Write some detail so I can understand.

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