Question Description
Purpose of Assignment
The purpose of this is assignment is for students to review the basicprinciples of economics and the concepts of the circular flow model,showing the connectivity of society’s economic players and the flow ofgoods and money within an economy. Students will learn how societyallocates its scarce resources and how economists are both scientistsand policymakers. Students will define GDP and CPI and how they arecalculated.
Assignment Steps
Resources: National Bureau of Economic Research; Principles of Macroeconomics: Ch. 1, 2, 3, 4, 5, 6, and 7
Scenario: Your organization’s CEO is concerned thatmembers of the strategic planning committee
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