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Unformatted text preview: Goods and Services Bought Goods and Services Sold Land, Labor, and Capital Factors of Production Spending Revenue Income Wages, Rent, and Profit Red Arrows = flows of income and payment Green Arrows = flows of goods and services...
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This note was uploaded on 12/10/2011 for the course ECON 252 taught by Professor Robertholand during the Fall '08 term at Purdue University-West Lafayette.
- Fall '08