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Macroeconomics Theory and Policy [10 marks] (a). Why would businesses be interested in gross domestic product (GDP) figures or forecasting? (b). Discuss the circular flow

Macroeconomics Theory and Policy [10 marks]

(a). Why would businesses be interested in gross domestic product (GDP)

figures or forecasting?

(b). Discuss the circular flow model of an open economy and argue its

relationship with economic activity and GDP.

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