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Critically analyze the importance of the Circular Flow model and use it to explain why the Gross Domestic Product (GDP) equals Aggregate Expenditure (AE)

Critically analyze the importance of the Circular Flow model and use it to explain why the Gross Domestic Product (GDP) equals Aggregate Expenditure (AE) and Aggregate Income (Al).

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Importance of the Circular Flow Model The Circular Flow Model is a simplified illustration of the flow of money and goodsservices in an economyDespite ... blur-text-image

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