Practice what you have learned about the circular flow model and how gross domestic product (GDP) is calculated in this four-question exercise.

A summary of the circular flow model which demonstrates the interdependence of households and firms in a market system.

This site uses an interactive Circular Flow Model to show the flow of payments for the factors of production (rent, wages, and interest) along with payments for finished goods and services. Questions are provided which ask the user if a...

This site shows the flow of payments for the factors of production and for finished products by using the Circular Flow Model.

Explains how resources, goods and services, and payments flow through the economy using the economic model of circular flow.

By the end of this section, you will be able to interpret a circular flow diagram, explain the importance of economic theories and models, and describe goods and services markets and labor markets.

[Free Registration/Login Required] Students explore methods to measure lengths of squares and radius of a circle in trying to keep a goat from escaping.