Question: Use the following figure, which illustrates the Circular flow model, to work Problem. During 2009, flow A was $13.0 trillion, flow B was 59.1 trillion,

Use the following figure, which illustrates the Circular flow model, to work Problem.

During 2009, flow A was $13.0 trillion, flow B was 59.1 trillion, flow Dwas $3.3 trillion, and flow Ewas -$0.8 trillion. Calculate the 2009 values of
a. GDP.
b. Government expenditure.

HOUSEHOLDS GOVERNMENTS FACTOR MARKITS GOODS MARKITS REST OF WORLD FIRMS

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Given facts are During 2009 in an economy Flow A was 13 trillion Flow B was 91 trillion Flow D was 33 trillion Flow E was 08 trillion Flow A This flow indicates the incomes that a firm earns by sellin... View full answer

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