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Please answer the following questions: 1) Discuss the circular flow of income in four sector economy

Economics Oct 11, 2022

Please answer the following questions:

1) Discuss the circular flow of income in four sector economy.

2) Discuss the expenditure method of measuring national income.

3) What is the difference between GDP and GNP? Is one a better measure of income/output than the other? Why?

4) Explain what happens to consumption, investment, and the interest rate when the government increases taxes.

This assignment should be a minimum of four pages in length.

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