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The figure given below represents the leakages and injections in an economy.
Figure 10.2
In the figure:
I, I1: Investment;
G: Government spending;
EX, EX1: Exports;
T: Taxes; and
M: Imports.
-Refer to Figure 10.2. When total injections equal $20, the equilibrium level of real GDP is:
Plan for the Change
A strategy or set of steps designed to successfully implement new policies, practices, or systems.
Logical Incrementalism Model
is a strategic management approach suggesting that strategies should evolve gradually through a series of small, achievable steps, rather than through drastic, major changes.
Forces Inside
The internal drivers or motivations that influence an individual's actions or decisions.
Planned Change
Involves deliberate efforts to modify the operations, structure, or culture of an organization to achieve a specific goal or respond to external or internal pressures.
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