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Simplified circular flow diagram for Simplified circular flow diagram for the economy of Micronia. ( no investment in Micronia.)a. what is the value of GDP in Micronia?b. What is the value of net exports?c. what is the value of disposable income?d. Does the total flow of money of of houses holds the sum of taxes paid and consumer spending equal the total flow of money […]

Simplified circular flow diagram for Simplified circular flow diagram for the economy of Micronia. ( no investment in Micronia.)a. what is the value of GDP in Micronia?b. What is the value of net exports?c. what is the value of disposable income?d. Does the total flow of money of of houses holds the sum of taxes paid and consumer spending equal the total flow of money […]

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