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l?K?? n?K??? v?K? w?B??A? w?K?zUF UDI UH uL t bBI

W??B? ?u?L fL Wc_ q WOzUNM WON Ub

wKJ VKD wKJ UH d_ uJL wN UH bFrOKF

c? w? dOOG S pc rUF rEF w sO U qJA YO

b? c? w? e?d?M? U?B? UAM u w dOOG v R UH

wKJ VKD b w quF pc qb N sO WF vK

dF sOJKNL UFu qb u w qL w wN UH

d_ quF pc pKNL u w u_ UJKLL bzUH

qb N 5 WF

u vK WOU uB bLF wN UH Q UB ULK bR

UF eO wN UH S qb ULK t wMF c qb

Ub lK s UNzd w uJKNL Vd w N WOL S d

Ub lK s WOLJ pK d lOD c qb r b

dEM iG UNN r WU b WOL bu UM d b UL

dH qb Uu t vMFL qb u sWOLJ pK N s b

qJA w UL w wUO rdqb N sO WF {u

dc

wUL ZUM UuJ

????????N???????????????? w????????

U?????H????? U?????L??????????????

U??? w?U? w?uJ

WOU

k

wMF WdD WF

d??D?? b??e?? d?

d

Consumption

qb

N

b?M? ?N?? s WHKL UuL rd `{u qJA

N qb ULK qb s WHK Uu

dH WDIM

WDIM

r?U? W?O?{Ud WGOBU qb N sO WF s dOF sJL

N qb ULK t rd s sO w N W

WDIMU

WOLJ N r pc d q u s dF

dH qb uJ UbM t WF Wb c `{uS WDIM bM

X?U?? ?N?U N c vL u bM uJ N

db s d_ du U vK bLF UL qb vK bLF c qIL

qLF s sOKU uuJ UbM U bU s d_ tOK qB U

k

b?M? t? w?U?O?? r?d? s?O?

q?b s WHK Uu

U???O???L?? ??N???? s??J??L??

l?????K????????? s???? W????H????K????????????

Ub

rKF

s??O?? W??d?? W???? U?M?

qb Nb?M? v?_ b?? v? q?B? w?N UH N W `{u

N w U v R qb w U W S WDIM c bF WDIM

qb w Ue s q bIL sJ

dH vK dCU fO UM b bu qb U wMF c

e? o?H?M? U?L Ub lK vK UMb c q oHMw?UU jI tM

qb w Ue bF s q uJ N w Ue bF S

s qb UN be w WUL sO wUO rd v dEMU

s? ?N? UN be w WUL s d

w?? WF c vL

w dOG bI fOI w WUH VM N qb w dOG `{u

N b qOLU vL c qb w dOOGK WO wN UH

N b( qO*

dOG WO wN UH U bL N b qOL dF

wU{ UM vK qB sO dH UNLKN w WOU{ WOLJ t qb

d?E?M?U? WOU{ bze WOLJ UB w wMF b WLKqb s

u N Wb wN b qOL S oU qJA v

N w dOG

s qb UH WO

v

UL d dOF

WOU WUFL w

p vK U

U?? w??N tUH bI UM U eF q U

rN

W?O?LJ u wzUIK N

U u v UNN r w

dH qb

rN

??N???? w?? U??e?

w Ue s q uJ U

qb

rKF

s??? d??????F?? ??N???? W??

q??b?? s??O?? W?d?D? W??F?

N

N b qOL

-

-

tM

b?u? q?b? b?e? U?b?M?

U?M? u?J? U?M? b

U??H?? b??F?? q??O?? W???

vL c tKUJ UMb

N b qOL

r c qb s e p u UU WKN lu WIOI w WF

N hU qb U U wMF c pKN r tUH r

s U N WN s qb sO U WF bb sJL UM

?N?? s? q?J? _ w?U?_ b??L? u? q?b w d WN

u? d?b? U?O?M_ S p vK U U d?I?H? s d

UUO U s d UH uKOL dIHuN U rNb bu

wN rNUH WODG d v

U N qb

dF w U W UM N W bu UL

b?u? q?b? w? d?O?G??K? W??O U w dOG bI s

qb u sO WF wN d dOF b WOU{

u?J? s?J?L? U? W?E?? l U u

N W fJ vK p d WU w VUU

WOL N sJL t_ VUU uJ sJL w

wF wIDM dO cN WU

qb

se s U

N Vc e

U Vc e

e

s?O? W?O??J? W?? U?M

U N

s?O? W?d? W?? b?u?

qb U

U? ?N?? s?O WF `{u qJA

n?O? r?d? s?O?? Y?O WHK Uu bM qb l

U v Vc wIL e tu WUJ N vK qb u

UMuJO wN tUH wUL S UM v eF q lH

UM [ U eF N b qOL

eF N b qOL bF YO

N w dOG

qb w dOG

\

\

U N 5 WF

U?C? q?b? ?N?? s?O? dU W UM Ud o ULUM

wK UL UNO{u sJL w U N sO WIO W

qJA

rKF

r U u tN r U

U

N U w Wd

q??O??K??I?? U???? v??K? u?J?

U

dbO dU S oU UMU wUd N vI tK s

?N??? b?? q?O?L? b?z U?? b? qOL S wUU Ud

b UUO UMb qU

w uM vK U N qb sO WF UL sJL

U N qb

U qb N

N qb U

U b qOLN b qOL

wN VKDK b; quF

UIU UM{dFqb w U QwN UH bb w qb b

dOJU dQ sJL wN UH wN UH Ue R

WOuK quF w dOG b WO UdOQ oI w WOU{ quF s

W?U?B?? U?U?O?? w? d?O?G? b?? W??O?? s?O?J?K?N???L?U WU

qOBH s wA quF pK UMM WOuJ

-tUFu pKNL uO

V??? d?A vK pKNL b vK wN UH bLF

UC bLF qd s dOG Wd c dA w pKNL W vK

lu UbMF qbK WMU tUFu pKNL uO vK UM d v

b?F sOF sOU uI sJL UM^r? U _ d_ d ULb

?O UM wMF c tN r r U U UUb UL U

s? w?U?{ U? u? U b qOL N b qO bu

qb w dOG WO U w dOG bI qb w wU{ UMb

k

b? v?K? U?H? bLF

w?? t?????? p?K?N???L?

dA

U b( qO*

bF^wU{ q UM qJ N Wb WKUIL Wb w U W

U?O?K pKN UU?Oze U?O?K? tN b U w w?I?L e S

U v Vc

UA

rKF

w?? w? d?L?F?L lK

W?O?M? d?? pKN

_ q?????????? W?????K?????u????

WOzUdNJ

v?K? U?? U?D? ?N?? vMM rd WOO WHO qLF D uI

?D? u?I? U?Lqb s WHK Uu bM WLK WFK N

q_ WDI dHB WDI s vMML c b UL dOH

U U vK UH s dJO rNS e rNu d_

rNu uFu UbM rNN s uKKI sJL d_ S qUILU

w?U?O??U? U?H?? w? d?_ W??d? W??O?? p? l?d WOIOI

WuOA dH UO WKzUFK d w Wd uDK

- d d bzUH dF

UR sJL d d w bA bzUH dF w UH

U q dLFL lK vK wN UH iOH v

jOIU VUG w UNLO b r YO UG UHK eN

UOU dR b bAL d ULz d wMF cvK

w wU dOQ t uJ sJL bzUH UF UH UL U

dI fHM lL dLFL lK vK VKD U U

W?O??N?? lK dLFL dO lK vK VKD tO lL c

fL WOzcG uL q

-WKzU u_

u?M w lz uI s d_ b du U WKzU u_U vMF

t{UH UF UF uL UHU dU WKzU u_ dQ

b? q?I? v?M?F?L? u?? WOzdA uI iHM UF_ UH bMF

u?U? c? m?K??L? f?H?M? lK s WOLJ fH d vK U_

iHM wUU UUF UH q oU w lK pK vK tuIHM

W?L?O?I? S? U?F?_ i?H??M? U?b?M? q?U?I?L?U? wN VKD

wN VKD e wUU e WKzU u WOIOI

U cM WOMODKH oUML w N ld U WKD gUM

WIU uM w tOK U UL WUI

UIMK WOC

rKF

v R UF UH

uIMK WOzdA uI U

WO rOUHL UKDBLU uBIL `{

XU N

N b qOL

U b qOL

U b qOL U UM `BO UM U q U

wK U V

N b qOL WLO

N b qOL W

qb w Ue vK UM WOU{ dbL r

wQ UL q sO WF WFO b

U N sO

qb U sO

qb N sO

WO UF s U q s rFM V

Ub lK vK UH bI N W `{u

N b qOLU wN UH w dOGK WO qb w dOG vL

U U b qOL N b qOL uL

qb U sO WOJ W UM

`O b s d WOMG zUFK U b qOL uJ

qb w Ue W fHM WOzcG lK N U v R qb U

wQ UL qJ WOB WU d

dH U U UbMS

U U N

qb U N

b U U b qOL UO

UC uJ qb dH

b WK

N b qOLU bBI

U v N W N v U W

qb v N W qb w dOG v N w dOG

b U N b qOL uJ UbMUO S

N qb N s d qb

U qb `O b U

U vK uJ U w Ue

qb w Ue N w Ue

N w UBIM qb w UBIM

wMF cN U b qOL U N b qOL uJ UbM

qb w Ue s d N w Ue W

N W s d U W

U N sO WHUM u qb w Ue

d UL w

WO u qIL XU wN UH

dOG qb s XU eu

UNM UMG sJL N s WU WOL u

dU qJA qb vK wN UH c UL

qIL XU UH v R qb u UH

Wu

UL b

V?FK wKJ UH UuJ s wU fOzd uJL UL qJA

UL wKJ UB w sOLN s UL

_ b? _ b? _ b? _ b? _ b? r? l?L???L? U?B?? w? U?L??? w? q?L

s? b?e? w?U??U? w?U?L? q?b? b?e? w WOU_ UdL

Ue s dFL be wUU Ub lK vK VKD

UH wKJ VKD s s UL qJA U w

u b vK WOUM WbIL rUF s dOJ w wKJ

wU bwU bwU bwU bwU bw? lu r wUU UL rd v UL uI

c wN VKD w Ue WNuL bb UL UA

wUU bb lUBL w WKUF b_ s beL qOGA VKD

v?K VKD U d_ u U WN s WUD bF qOKI

U?L??? VFK cJ UU?e U?A?M? v?K dOQ w

lLL w UB

U?O{uW?M?O?F? W?F?K? U?? lMB UA vK UH S d UL

UL qLUMU U UA bb bF s d r U

U?L?? qL qIs? e? s?e??? l?M?BL pU ZML uI sJL

pK vK VKD w Ue WNu bN p UNUS U w WOzUNM lK

w tb rO wUOU U uL se uI t qIL w lK

U?I? U WOKLU?C uJ c? q??I??L w tUUO sOQ WKO

t?S? ? o? U vK UM eL w UL vL UL s uM

t vK UL ndF sJL

rKF

q?b? b?e? UL

V??K??D? b?e? q?b?

U be VKD

rKF

R?? U?? w? U?e?

v???K??? V??K??D?? U?? v??

WKUF b_

Investment

rKF

u??? U???L??? ??????

UNLO s W bI bI

W????O???? s??e?? d? l?

b

w?U??L qIM qzU bFL vK UH dA WLO

l?K?? U?? u?L? s?e??? W?B?B?L wUL UA WOMJ PAML

lOMB WKLJL WOzUNM lK lOMB WKLJL dO WDOu

UL wU UL wUL

UA Ub lK lOL vK UH vK UL wUL qLA

se lOMB d_ wUL WUlzUC bFL d sUL

WOM_ WOKL UL qLA c

Y?O? w?U?B UL wUL UL sO odH V t

w?? U??? b?F?L? u_ vK u wUL UL

bFL eN b

??U?L??? w?U? w?UL UL S p vK UM

UL

UL vK bb UU{ t vK UL wU ndF sJL

? u?uLw?U?L? s? h?B??L? m?K??L? u UL N ULMO

b v U w bFL WUOB UL

qLFK WU bF r w WLbI q bb P bFL c

w? U?N??L?O? s? b?I?H? W?M c qu uJ w UO p vK U

UL V p WUI uM

U* UL wU UL wUL

UL u

t?O?K? Vd UH UA q vK qLA UL uUB dF

l?K?? U?? w? r?N?? w d q lLLK WOU WUD U

W?L?zU? W?d rN_ h d Q uUB dF qUILU Ub

U?L bFU?U?H? q?L t_ lLL dE WN s b?b Vd r

s?O? j?I? W?O?J?KLK UI s U UL Ub lK U w U tOK

U d fO bb h u w `B rN WOJK d h

UFK ZM bb Wd fOQ UNFO bN rN d r S Ub

U?U?H? dF pb?b b?I? U? v? R? t?_ lLL dE WN s

WOUL ULU vL UL s uM c lLLK WOU

U UL rI5L v

_____qLF UL_ U sOML UD t uI U UL

W?c? f?? Z?O?? lMB UA q sOF wU dA

vB oOI UL c s bN uJ UOKI Wd fOQ

sJL `

wUwUwUwUwUvL WuJ UcOHM uI w lUALU UF UL

U?L?? c s bN uJ WUF WOuJ UL

l?U?A p vK U lLL d qJ Ub lK dOu

rKF

r??N??? W?O?J?K?L? q?I?

UL dF

??u?? d?? s?? W??O???????? W?O?M??

w?? d? U?J UO UdN

U???C??? U???u???J???? b??N??c??? s??

c?? W??U?M? W??O? d?Ou v lUAL

v?K? s?O???M?L? l?O??A? U?L

u??I? b?b? W?O?U?? l?U?A? W?U?

s? W?U?F? U?N?U?L quL WuJ

UNU VzdC d d o dA

rKF

bN U UL

U????L????M????O???? `????d???? v???

v bN UF UL

l??O????A???? W??b? d?O?u?

W?U?? U?L??

q???J??? U??b?? d??O??u??

lLL d

UL b

u?J? lLL w WU UL WUB Ub bRsssss

w WOU UL W

UL_ UDI WU PAML bFL w UL v_ WH

lLL w UL s W qJA c

uL s t U qJA c WOMJ PAM d WOU WH

UL

s? W??? q?J?A w WeL lzUC w UL WU WH

lLL w UL wUL

UH s dOJ WM cN UL_ UUD dL UL UM R

U?U?D? u? `?{ j?O?? u?? W??U?? P?A?ML bFL vK

U?? q?L?F? c? UNJ lu ULMO p w dL UL_U?NODF

dd?UMF rN sJL jO u c s UL nOUJ s d

d c U dLL qF UL b w W WOOzdw

bzUF d

nOUJ

UFu

w UFu WHKJ bzUF w UL WOU_ bL

wQ ULO UNM Yb UNKOBH sJL

d bzUF

UL s UNOK uB luL d UL vK bzUFU bBI

o?O?I?? w UFu vK UL r dAL UO d WKO sOF dA w

Wb vK U b dALK wU l{u s qIL w d

WuL WFuL nOUJ vK pc dAL UNbI w WFK

c? U?F?O?? WOU{ d dLL WdAK VK ULU

UF uL u UL WLNL bL b Q wMF tK c WdA

U?M? uJ qLF s WKU lUBL uJ sO dBK UL qbK

U wUU UFOL w U v R p _ bb UL WU

s??? w? q?b? u?J? U?b?M? b?e d wMF c d w

WF S cJ U w U v R UL w Ue S pc

WKb WOU ULNMO

U? v? R? q?b? w? U?B?? uLM bF U UM W

s rNU Ue sdLL UO v R UL Ub lK vK VKD

dLL UL U bb WUL d U od

UOUnOUJ

UL UL WHKJ u UL d vKdR c wU rNL bL

U VKD p S wUL q uM bF b UL lK

sOL v rI nOUJ c UNHOUJ

_____YO wU quL UL dUWIKFL nOUJ

V?d?? pM s d od s UL quL bB uJ

d?F? w? q??L?? w d WHJK w WHKJ d c vK

d?I? c? b?b?? r??O? Y?O? pMK dIL UNFb w bzUH

UUCbzUH dF tO

W?O?M? d??H? U?L? d?? q?U?I? u?b?L? s?L?? u bzUH dF

u? W?U? w? u?M?? s? d?? v? u??K? r U b

duD lOu v WU WLzU lUA

rKF

u?? U??L???? v?K? b?zU?F?

WOKIL d

wUwUwUwUwUwKb quL wc quL WHKJ

quL w UNb r db s dLL tJKL U s U u

U?C UM tHM UL tdAWHKJ quL c vK Vd

c? `?d? b?zU?F? s? U?? w? W?K?b?? WdH WHKJ vL

p?M?? w? d?b?L? p?K? l?{ r? u? U?LO dLL tOK qBO

sOF bzU qUI rN d w UdL UNOK bzU c

q?u?L?? U? u? WHKJ dAL vK Vd sOU UK w

U?U U??d?UL uJ wJ b?zU?F uJ V

d dLL cO czbM UL WHKJ s d tM luL

dAL w ULU

rKF

s?L w UL WHKJ

b?????? q??U?I? u?b?L?

v?L?? w?? U?L?

UL vK bzUHU

rKF

s? l?u??L bzUF U

s???? d???????? U????L????????????

d UM uJ nOUJ

ULU

UUUFu

U?M? U?F?u u bb UL d vK dR c YU dBMF

v?K? b?O?Q?? s?J?L? U?L c w sdLL UL_ UD b WI

vK U u UL UL d vK Ud c bLF qIL

U?M? Q? d?L????L? U?L?_ U?U?D? X?F?u? S nOUJ s be u

U?U?F?U?U?B? l?O?u? U?L???? j?O?D??? w? b?? u?? q?IL w

`O fJF UNFUA

b??_ u? R??M?? U?F?u??U? j??d? U?L??? d? S? c?J?

u?I? p?c? d?ULU WuH UFu c UU c_ l WOKIL

U?? d?U??L? s? q?O?K?I?? W?U?L UNKOK UUO lOL dLL

UN dLL lUALvMFL bOQ b Uu WDOL dE XU ULK

q?I?O? U?L??? v?K? U?? S? w?U?O UB dI b

UUD wDFULzUA sdLLK

UL VKDK b; d_ quF

U?C? U?MU?U??? s?J?L? U?L??? d? v?K? d?R? WLN d qu

w WOU{ b

rKF

dR lu WHKJ bzUF

UL d vK

qb w dOG

wKJ VKD be d_ u lHdUB UF WU w

w Ue WNuL U U v RO c WUD bF qI

e U_ UFOL S wUU Ub lK vK VKD

e?U? q?J?A c d_b?O r?N?U?L??? l?O?u? sdLL U

uuLbb lUA WU vK b sdL lOA

UJ

W?O??N?? l?K vK VKD U v R UJ b U

r?? U? o?d? s? W???M?L? l?U?A?L? r?? U? V wUU

v?K? V?K?D? U? v? R? U?J? b U UL UL

W?U? V?K?D?? c? W?O? WOM sJ rOKF WB Ub

UUO c WODG WUL lUA

wLKF wMH bI

t?M? rM UL nOUJ qOKI v UR wLKF wMH bI

lL lK U bb d bU UL WFA eu

UFQ lK U sJ ULKJ u dF YO s WOUM bI

UNOK VKD S uL lK l WUI WOU u lL WCHM

dbB u wKL u w eO

rKF

U?????B???????? U????M????L????

w? r?N? qU wUO

WOKIL UFu

rKF

U?B?? u?d? W?U? w

d?O? q?b? w? d?O?G? uJ

UL vK eH

UA

d?? w?? u?u?L? U?L? u WKD l rKFL gUM

tFO tb UL u YO s VUD WIDM w UUA

wK UL uBIL `{

UL UL vK bzUF

UNM b d l UL d vK dR w WOU_ bL U

UL quL r nO

ULNM q b `O{u l UF UL U UL sO dH u U

WO UF s U q s rF V

UF_ l U U bN uJ eL w UL

dA UNF r w WHKJ w UL WHKJ

U bB uJ UL wKb wc quL

UL dI bOu bL nOUJ bF

UL U UB uLM bF sO W bu

UL bF rN_ d dUL bN U jI

wQ UL q w WOB WU d

wKJ UH UuJ s fOzd uJL UL bF

_ uJL wU YU wzUNM

v R qb qb be UL

U_ U U VKD U

UL U UJ b U

u bzUH dF

d bM lb w uIM WOL

UL d bM ubL sL

pM w uI l{ bM suL UcQ w uIM WOL bzUH W

Ud UL uJ vUb uJ V

dO U_

WKOK nOUJ

nOUJ s d U_

WU nOUJ U_

b WK

vK qLA UL wUL

Ub b U uuL UL q

rN_ U nOUJ UNO UL Ub lK w UL q

UL WUOB nOUJ UNO UL UL wU

vK bLF UL b b UFu

UB UF UNKOK UuKFL W

d U vK WMdL

WIU dH w UL WHKJ UH

WOU U b

Wu

w?K??L? Z?U?M? U?u?J? s? l?d? u?J?L? v b c w UM qIM

c? W?U?{ b?M? U?B? wU WOU U UD u wUL

f?O uH UB s rKJ UMS wUL wKL ZUM v ld uJL

t??U?F w qLA c UB uHL UBU vMF oKG UB s

wU rUF vK

W? UN w WOU_ UKDBL rOUHL b c w UMM

WOU U UDI

WOU) U UD UuJ

UL sOOU sdBM s UDI c uJ

W?L?O wUL UN vK dFUB

U? U?d?b?B? r w Ub lK

b WOM d bK

W?L?O? w?U?L? UN vK dF u

r???? w?? U?b?? l?K?? s? u?

b WOM d bK b U s UdO

c? U?b?? lK Wd UI dbB dO WOKL vK Vd

r?? dO WU w lb r YO sOUF sOUU uJ Wd

w?U? v?L?? U? U?M?b? b?u?? WOKLF c WO dbB WU w iI

W?L?O? u?L?? t vK dF c U eOL wU UB

uL Ub lK WLO hU Ub lK s UB

rKF

qLA oKGL UB

U??D?? v??K?? t?U?u?J? w?

WOU U

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