(Answered) Assignmentscenario your organizations ceo is concerned that

Economics

Assignment

Scenario: 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 a report to introduce some of these thoughts and principles.

Develop a 1,050-word report to the members of the strategic planning committee explaining the following information:

• 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.

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Microeconomics, Economics

Category:- Microeconomics
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