Economics
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Boundless Economics
Measuring Output and Income
Measuring Output Using GDP
Economics Textbooks Boundless Economics Measuring Output and Income Measuring Output Using GDP
Economics Textbooks Boundless Economics Measuring Output and Income
Economics Textbooks Boundless Economics
Economics Textbooks
Economics
Concept Version 6
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The Circular Flow and GDP

Circular flow

Circular flow

The circular flow is a simplified view of the economy that provides an ability to assess GDP at a specific point in time.

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    http://upload.wikimedia.org/wikipedia/commons/a/a4/Circular_flow_of_income.jpg CC BY-SA.

Related Terms

  • Factors of production
  • circular flow
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