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Private sector in the circular flow The private sector total income is known as the national income. Because private sector receives the entire return from the factors of pr
The managers of Firm A recommend that Firm A purchase Firm B because the purchase will diversify the business of Firm A. Diversification of risks is a desirable strategy for indivi
objective of the study
What are the costs of economic growth? Economic growth can result also into: • Increases within pollution noise and congestion • Unnecessary depletion of non-renewable r
how long will be the solution
Reducing the budget deficit by cutting government spending could conceivably: A. increase income if interest rates rise enough and government spending is more productive than priva
what are the advantages and disadvantages of a national income and green GDP? national income figures are often used to compare living standards across countries and through time.
HOW TO GET THE REVENUES AND EXPENDITURES AS A PERCENT OF GDP?
Analyze the relationship between the production possibilities curve and the circular flow diagram. Discuss how the change of production possibilities curve affects the circular flo
equilibrium real wage
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