Consider a circular flow of income of a hypothetical economy as depicted in the below diagram....

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Consider a circular flow of income of a hypothetical economy as depicted in the below diagram. Agent Households Firms Disposable income Government Households Consumption Transfers Private savings Imports Income Government Government borrowing Financial Institutions Borrowing from abroad Rest of the World Taxes Government purchases Investment - Exports Using the above economy as an example, fill in the blanks in the below table and provide a brief (one sentence only) reason for each answer. [Restrict your answers to the information provided in this question only] Total income Total production GDP Firms Payments Consumption plus net exports Expenditure Consider a circular flow of income of a hypothetical economy as depicted in the below diagram. Agent Households Firms Disposable income Government Households Consumption Transfers Private savings Imports Income Government Government borrowing Financial Institutions Borrowing from abroad Rest of the World Taxes Government purchases Investment - Exports Using the above economy as an example, fill in the blanks in the below table and provide a brief (one sentence only) reason for each answer. [Restrict your answers to the information provided in this question only] Total income Total production GDP Firms Payments Consumption plus net exports Expenditure

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