Figure 4.1 shows the flows of expenditure and income for a small nation. During 2021, flow A

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Figure 4.1 shows the flows of expenditure and income for a small nation. During 2021, flow A was –$15 million, flow B was $40 million, flow C was $90 million, and flow D was $45 million. Calculate

a. Aggregate expenditure.

b. Aggregate income.

c. GDP.

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Macroeconomics

ISBN: 9780137470822

14th Edition

Authors: Michael Parkin

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Question Posted: Apr 05, 2024 11:00 PM

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Figure 4.1 shows the flows of expenditure and income for a small nation. During 2021, flow A

Question:

FIGURE 4.1 Factor markets Households Firms Goods markets Governments Rest of world

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a Aggregate expenditure is 160 million Aggregate expenditu...View the full answer

Macroeconomics

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