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Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 12
Use the following figure, which illustrates the circular flow model, to work Problem.
During 2009, flow A was $13.0 trillion, flow B was $9.1 trillion, flow D was $3.3 trillion, and flow E was -$0.8 trillion.
Calculate the 2009 values of
a. GDP.
b. Government expenditure.
During 2009, flow A was $13.0 trillion, flow B was $9.1 trillion, flow D was $3.3 trillion, and flow E was -$0.8 trillion.
Calculate the 2009 values of
a. GDP.
b. Government expenditure.
Explanation
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Given facts are:
During 2009, in an eco...
Macroeconomics 11th Edition by Michael Parkin
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