1520 Solve the initial-value problem.
EC 2113 Ch. 10 Basic Macroeconomic Relationships ● GDP = C + I + G + NX ○ Each of the individual components of Consumption, Investment, Government Spending, and Net Exports, respectively, impact the GDP. ○ Consumption ■ Consumption is a portion of an individual’s Disposable Income, which is defined as the income received after taxes. Disposable Income = Consumption (Spending) + Savings. ■ People are able to spend more than their Disposable Income due to the ability to borrow money and sell assets. Spending more than your DI is