31 Open-Economy Macroeconomics: Basic Concepts International Flows of Goods & Capital 2 Closed economy - does not interact with other economies in the.
WHAT’S IN GDP? An activity for “The ABCs of GDP” (Extra Credit Spring 2009)
By Leonel Lionardo. Located in central Africa, east of Democratic Republic of Congo. Total area: 27,830 sq km around the size of Maryland Land area:
Open-Economy Macroeconomics: Basic Concepts