CREATED ON 15th August 2018
COMPLETED ON 20th August 2018
Expert hired: Mwandishi001

Ten Principles of Economics and the Data of Macroeconomics

Purpose of Assignment The purpose of this is assignment is for students to review the basic principles of economics and the concepts of the circular flow model, showing the connectivity of society's economic players and the flow of goods and money within an economy. Students will learn how society allocates its scarce resources and how economists are both scientists and policymakers. Students will define GDP and CPI and how they are calculated. Assignment Steps Resources: National Bureau of Economic Research; Principles of Macroeconomics: Ch. 1, 2, 3, 4, 5, 6, and 7 Scenario: 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 a report to introduce some of these thoughts and principles. Develop a 1,050-word report to the members of the strategic planning committee explaining the following information: What principles society uses to allocate its scarce resources Using the circular flow model, explain the flow of money and resources in an economy. A country's gross domestic product (GDP) and how it is defined and calculated. Be sure to include the differences between real GDP and nominal GDP How the consumer price index (CPI) is defined and constructed? Research the current CPI and inflation rate of US. And explain the importance of CPI on the cost of living measurement. Format the assignment consistent with APA guidelines.
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15 August 2018
User created a project for Economics
15 August 2018
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15 August 2018
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15 August 2018
User hired expert Mwandishi001 who offered a price of $30 for the project and has experience doing similar projects
20 August 2018
The expert completed the project Ten Principles of Economics and the Data of Macroeconomics for 5 days, meeting the deadline
20 August 2018
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20 August 2018
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