Explain the simple circular flow diagram. Show that GDP can be measured using the revenue (product) approach, the spendi

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answerhappygod
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Explain the simple circular flow diagram. Show that GDP can be measured using the revenue (product) approach, the spendi

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Explain the simple circular flow diagram. Show that GDP can be
measured using the revenue (product) approach, the spending
approach and the income approach. How does the diagram change after
introducing the government, the financial system and the foreign
sector?
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