Explain the flow of money and goods in an economy

Reference no: EM131131647

Your organization's CEO is concerned that members of the strategic planning committee are not familiar with current economic thought and principles. The CEO has assigned you the task of developing an 875-word report to introduce some of these thoughts and principles. Use Chapters 1, 2, 3, 4, 5, 6 and 7 in Principles of Macroeconomics as your only source.

Explain the following information in your report to members of the strategic planning committee:

• How economists are both scientists and policymakers and what principles society uses to allocate its scarce resources
• Using the circular flow model, explain the flow of money and goods in an economy.
• How the economy coordinates society's independent economic actors
• A country's gross domestic product (GDP) and how it is defined and calculated
• How the consumer price index (CPI) is constructed and why it is an imperfect measurement of the cost of living

Format consistent with APA guidelines.

Reference no: EM131131647

Questions Cloud

What is role of government in assuring developing countries : What is the role of government in assuring developing countries obtain a fair and adequate share of the benefits of international trade? In your response, assess claims that "the answer" lies in untrammeled market activity versus government inter..

What is credited with gains in industrial productivity : What is credited with gains in industrial productivity, increased standards of living and affordable products?

Write the given assignment : write the given assignment:- What is your chosen topic? - What personal angle can you present on this topic? - What is your purpose for writing?

Controlling the actions of suppliers and sub-contractors : What is the responsibility of a company, such as Fonterra or BP, in controlling the actions of suppliers and sub-contractors? This question is in regards to the Melamine Milk Scandal in China.

Explain the flow of money and goods in an economy : Using the circular flow model, explain the flow of money and goods in an economy. How the economy coordinates society's independent economic actors? A country's gross domestic product (GDP) and how it is defined and calculated

The responsibilities of the operations manager : The responsibilities of the operations manager are:

Create bibliography on female leaders in aerospace industry : Create an annotated bibliography using research on a topic you might like to investigate for your doctoral dissertation. Some examples of potential research topics include: "Female Leadership in the Aerospace Industry" or "Multiple Intelligences i..

Cost of major expansion-cost of two minor expansions : If the cost of a major expansion is $70,000, and the total cost of two minor expansions is $90,000, what would be the EP (expected payoff or profit) for each alternative? Given this new information, which alternative would be the best?

Define the terms communication and perception : Define the terms Communication, Perception, Perceptual filters and Selective perception. If you were the new CEO at Google, what would you do?

User Account

All Pages