During 2008, in an economy: Flow B was $9 trillion. Flow C was $2 trillion.

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During 2008, in an economy:

■ Flow B was $9 trillion.

■ Flow C was $2 trillion.

■ Flow D was $3 trillion.

■ Flow E was –$0.7 trillion.

Name the flows and calculate the value of

a. Aggregate income.

b. GDP.

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Economics

ISBN: 125380

10th Edition

Authors: Michael Parkin ,Robin Bade

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