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1. Below is a simplified circular-flow diagram for the economy of Micronia. (Note that there is no investment spending in Micronia.) a. What is the

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1. Below is a simplified circular-flow diagram for the economy of Micronia. (Note that there is no investment spending 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 out of households-the sum of taxes paid and consumers spending -equal the total flow of money into households? HOW loes the govern ant of Microni Finance its nil bases of goods and services

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