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Including the monetary part in macro accounting: A ‘modern’ approach to the macroeconomic accounting

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Figure

Table 1. Matrix form of macroeconomic accounting on expenditures (closed economy from Eq
Table  1.2  in  the  previous  section,  despite  being  useful  to  reflect  the  basic  logic  of  measuring  gross  product of Equation 1 and Equation 2, cannot prevent some important questions to be raised

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