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Explain the following information in your 1000 word report to members of the strategic planning committee for your company [you may use your existing company or invent one for this assignment]:

 

Resources: National Bureau of Economic Research; Principles of Macroeconomics: Ch. 1, 2, 3, 4, 5, 6, and 7 

• 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

Format consistent with APA guidelines.