To study circular flow, learners use the plans to trace through a series of interconnected economic and financial flows to explain the workings of the American economy. They use the model developed to comprehend the effects of Federal...

Students examine the basic need for money and the circular flow of resources between households, businesses, government, and financial institutions. They discover how money gets into circulation and how it facilitates the production of...

High schoolers investigate the concept of having an income as part of an economic system. They use the circular flow model to describe monetary policies. Students explain how policies of government influence the redistribution of income...

In this lesson summary review and remind yourself of the key terms and calculations used in describing the output of an economy. Key topics include the expenditures approach, income approach, and value added approach to calculating GDP...