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Given below is the simple economy model of circular flow. Goods and services Consumer expenditure |bbbe 000 000 000 000 000 Wages, rent, profits Households

Given below is the simple economy model of circular flow. Goods and services Consumer expenditure |bbbe 000 000 000 000 000 Wages, rent, profits Households Firms Factors for production (2 a) Study the model and recognize the real and money flows. Marks) b) Briefly explain the simple economy model of circular flow. Marks) (2 (

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