1992•Unpublished venueRequires access

National Income Determination: the Four-Sector Economy

Barry Harrison, Charles Smith, Brinley Davies

Abstract

In Chapter 20 we extend our analysis of income determination developed in Chapter 19 to incorporate a government sector (the three-sector economy) and an international sector (the four-sector economy). It is important that you have a thorough understanding of the material covered in Chapter 18 and especially Chapter 19 before you embark on this chapter.

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Key concepts: Government sector, Business sector, Government (linguistics), Economic sector, External sector, Primary sector of the economy, Economy, National economy