ECONOMICS: National Income Formula Explained
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ECONOMICS: National Income Formula Explained
Dive into the intricacies of the national income formula with this quick guide! In this video, we explore the significance of (X - M) in the formula NI = C + I + G + (X - M) + (R - P). Does it represent government spending, net foreign investment, net receipts from abroad, or private consumption? Discover the role of net exports in calculating ...
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