Question: Explain how output (GDP) is determined according to the classical model and how it is distributed among the factors of production according to the neoclassical

Explain how output (GDP) is determined according to the classical model and how it is distributed among the factors of production according to the neoclassical model

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The classical model of economics provides insights into how output measured by Gross Domestic Product GDP is determined in an economy According to the classical model Supplyside Determination of Outpu... View full answer

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