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Documents Balance of Payments Accounting. The Balance of Payments Recall the open economy accounting identity:...

Slide 1 Balance of Payments Accounting Slide 2 The Balance of Payments Recall the open economy accounting identity: Income = ExpendituresRecall the open economy accounting…

Documents Llad Phillips 1 Introduction to Economics Microeconomics The World Economy.

Slide 1 Llad Phillips 1 Introduction to Economics Microeconomics The World Economy Slide 2 Llad Phillips 2 Outline: Lecture Sixteen  The US in the World Economy  Balance…