ESSAY ON: The Circular Flow of Income and National Income

Number of Pages 10

This research paper: This 10 page paper explains the circular flow of income and the interactions among markets and agents in closed and an open macroeconomic system. The paper the explains three 3 ways of measuring the national income and output and outlines the limitations of this measures use as an indicator of a nations welfare. The bibliography cites 3 sources.


File: TS14_TEcirflow.rtf


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