Principles of Economics and the Data of Macroeconomics, homework help

Explain the following information in your 1000 word report to members of the strategic planning committee for your company:

• 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.

Click the Assignment Files tab to submit your assignment.

"Is this question part of your assignment? We can help"