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Contents?FOREWORD iii 1. I NTRODUCTION 1 1.1 Emergence of Macroeconomics 4 1.2 Context of the Present Book of Macroeconomics 5 2. N ATIONAL INCOME ACCOUNTING 8 2.1 Some Basic Concepts of Macroeconomics 8 2.2 Circular Flow of Income and Methods of Calculating National Income 14

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