Sunday, February 12, 2017

Unit 2- January 26


  • Circular flow model- it represents the trade of an economy by flows around the circle


  • Household- a person or group of people who share an income
  • Firm- An organization that produces goods and services for sale

1 comment:

  1. hello keynote, although this description of the circular flow model is great you could have added some more info as we did go over the two markets involved, how the money is distributed and how the government is involved. There was also a issue with one of your GDP formulas with it missing government in the formula but you have it on all your other ones, either from that you have a good blog and even though I'm not the most creative type you can always add some more images and or create tables for the info that compared and contrasted but yeah great blog thank you for helping me find the formula for real GDP!!!

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