Topic

International and Public sector integration

Instructions

Read pages 643-646.

Consider the following as you read and write a 200-word post:

How do economists integrate the international sector (exports and imports) into the aggregate expenditures model?
How do economists integrate the public sector (government expenditures and taxes) into the aggregate expenditures model?

Answer preview

Economics engage in integration of international sector through the employment and income attained from production process of the exports that a country sends to the international markets as part of international trading system (McConnell, Brue, & Flynn, 2015). Governments are finding ways in which to create a mutual relationship through trade in order to create balanced scorecard on the exchange of goods and services to export what is plenty in their countries and import what is less to them but more to the foreign countries.

Word count: 275