Question
1. In an open economy, what is the best measure of a nation's disposable income? Why is that different from what's best in a closed
1. In an open economy, what is the best measure of a nation's disposable income? Why is that different from what's best in a closed economy?
2. What is the difference between external wealth and total wealth? Why make the distinction?
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Foundations of Macroeconomics
Authors: Robin Bade, Michael Parkin
8th edition
134492005, 978-0134492001
