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What is meant by Four-Sector Model?

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Question

What is meant by Four-Sector Model?

Very Short Answer
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Solution

In a four-sector model (with money market), national income = C + G + I + (X − M) + n (See the text for notations).

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Chapter 31: National Income and Circular Flow of Income - TEST QUESTIONS [Page 31.15]

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R. K. Lekhi and P. K. Dhar Economics [English] Class 12 ISC
Chapter 31 National Income and Circular Flow of Income
TEST QUESTIONS | Q A. 14. | Page 31.15
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