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Explain the flow of money and goods in an economy

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How economists are both scientists and policymakers and what process society uses to allocate its scarce resources.

Using the circular flow model, explain the flow of money and goods in an economy.

How does the economy coordinate 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.

Reference no: EM131825706

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