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Graphical Presentation of Income Determination

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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golu tripathi
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49 views1 page

Graphical Presentation of Income Determination

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.

Uploaded by

golu tripathi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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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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