1.

Calculate net national product at market price: a) Gross domestic fixed capital formation 350b) Private final consumption expenditure 8000c) Government final consumption expenditure 3000d) Value of the output produced in the economy 150e) Current replacement cost of fixed capital 40f) Net exports -60g) Net factor income from abroad 80h) Sales by all firms in the economy 100II) Explain the circular flow of income in the two sector economy.​

Answer»

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