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Complete the following sentences to explain why it is important for an economic model to be an abstraction from the real world. The purpose of
Complete the following sentences to explain why it is important for an economic model to be an abstraction from the real world. The purpose of a model is to construct an abstraction from realworld to make events To be useful, a model requires assumptions. 
Complete the following sentences to explain why it is important for an economic model to be an abstraction from the real world.
The purpose of a model is to construct an abstraction from realworld to make events To be useful, a model requires assumptions.
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