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Ch 3.03. In this chapter, you will learn. what determines the economy's total output/incomehow the prices of the factors of production are determinedhow total income is distributedwhat determines the demand for goods and serviceshow equilibrium in the goods market is achieved. Ch 3.03. Outline
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1. National Income:Where it Comes From and Where it GoesUniversity of WisconsinCharles Engel