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You are given the following information about an economy:
Gross Investment = 40
Govt. purchases of goods & service = 30
GNP = 200
X - M = -20
Personal Tax = 60
Govt. transfer = 25
Interest payments from the Govt. to domestic Pvt. Sector = 15
Factor income received from the rest of the would = 7
Factor payment made to rest of would = 9
Calculate:
a) Consumption
b) GDP
c) Net factor payment from abroad
d) Pvt. Saving
e) Public Saving.
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Discuss how decisions are made in your workgroup. Which model is used for what situation? Be sure to provide specific examples of at least three situations and what model was used
Write a one paragraph summary and three paragraphs that take the information in the article and relate it specifically to the circular flow model and the supply and demand curves.
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what is the relevance of the lewis model
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