How economists are both scientists and policymakers and what principles society uses to allocate its scarce resources

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 an 875-word report to introduce some of these thoughts and principles. Use Chapters 1, 2, 3, 4, 5, 6 and 7 in Principles of Macroeconomics as your only source.

Explain the following information in your report to members of the strategic planning committee:

  • 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
Type of paper Academic level Subject area
Number of pages Paper urgency Cost per page:
 Total:

Last Completed Projects

# topic title discipline academic level pages delivered
6
Writer's choice
Business
University
2
1 hour 32 min
7
Wise Approach to
Philosophy
College
2
2 hours 19 min
8
1980's and 1990
History
College
3
2 hours 20 min
9
pick the best topic
Finance
School
2
2 hours 27 min
10
finance for leisure
Finance
University
12
2 hours 36 min