Question: 4. KEY QUESTION Use the circular flow model (Figure 5-3) to explain how an increase in exports would affect the revenues of domestic firms, the

4. KEY QUESTION Use the circular flow model (Figure 5-3) to explain how an increase in exports would affect the revenues of domestic firms, the money income of domestic households, and imports from abroad. Use Figure 5-2 to find the amounts

(in 2000) of Canada’s exports (flow 13) and imports (flow 16) in the circular flow model.

What do these amounts imply for flows 14 and 15?

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