Documents Warm-Up/Review What is the difference between GDP/GNP? What are the two methods for measuring each?....

Slide 1Warm-Up/Review What is the difference between GDP/GNP? What are the two methods for measuring each? List the 3 Macroeconomic goals. What is the main purpose of determining…

Documents Circular Flow Model The Circular Flow Model describes and shows how the economy interacts. FACTOR...

Slide 1Circular Flow Model The Circular Flow Model describes and shows how the economy interacts. FACTOR MARKET Where you get your 4 factors of production to make your goods…

Documents Analysis of: The Simple Circular Flow Model Objective: Analyze the simple circular flow model to...

Slide 1 Slide 2 Analysis of: The Simple Circular Flow Model Slide 3 Objective: Analyze the simple circular flow model to detect relationships among its: sectors markets flows…