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  • Graphical Presentation of Income Determination

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    golu tripathi
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    The document discusses graphically presenting the determination of national income in a two-sector model based on a numerical example. It presents an aggregate supply (AS) schedule curve that represents the aggregate supply curve and gives a hypothetical growth path. The graph shows how national income is determined at the point where the aggregate demand (AD) and aggregate supply curves intersect.

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    The document discusses graphically presenting the determination of national income in a two-sector model based on a numerical example. It presents an aggregate supply (AS) schedule curve that represents the aggregate supply curve and gives a hypothetical growth path. The graph shows how national income is determined at the point where the aggregate demand (AD) and aggregate supply curves intersect.

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    © All Rights Reserved
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    15 views1 page

    Graphical Presentation of Income Determination

    Uploaded by

    golu tripathi
    The document discusses graphically presenting the determination of national income in a two-sector model based on a numerical example. It presents an aggregate supply (AS) schedule curve that represents the aggregate supply curve and gives a hypothetical growth path. The graph shows how national income is determined at the point where the aggregate demand (AD) and aggregate supply curves intersect.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Graphical Presentation of Income Determination


    The determination of national income in a two-sector model based on the numerical example given
    above is presented graphically in Fig. 6.6. The AS-schedule represents the aggregate supply curve. It gives
    a hypothetical growth path

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