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Starting from the situation depicted in Figure assume that business firms produce an additional $500000 worth of

Starting from the situation depicted in Figure 2-3, assume that business firms produce an additional $500,000 worth of goods, of which only $450,000 are bought during the current year. What are the new values for the following categories? (a) Income (b) Consumption expenditure (c) Personal saving (d) Investment

May 02 2020 View more View Less

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