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Warm-Up/Review What is the difference between GDP/GNP? What are the two methods for measuring each? List the 3 Macroeconomic goals. What is the main purpose
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Circular Flow Model The Circular Flow Model describes and shows how the economy interacts. FACTOR MARKET Where you get your 4 factors of production to
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Analysis of: The Simple Circular Flow Model Objective: Analyze the simple circular flow model to detect relationships among its: sectors markets flows
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