According to the circular flow diagram in Exhibit 4, consumption spending flows into U.S. product markets but

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According to the circular flow diagram in Exhibit 4, consumption spending flows into U.S. product markets but import spending does not. But U.S. households buy imported goods in U.S. markets, don’t they? Explain.

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Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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Question Posted: Feb 12, 2016 07:12 AM

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According to the circular flow diagram in Exhibit 4, consumption spending flows into U.S. product markets but

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GDP is concerned with the production of goods and services in the economy or the ...View the full answer

Economics

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