Elain how circular flow diagram shows interaction of

Reference no: EM13452502

Define the following terms:

a. Gross Domestic Product (GDP)

b. Real GDP

c. National Income

d. GDP Deflator

Describe how the circular flow diagram illustrates the interaction of households, government, and business. Also, describe how current economic conditions are effecting your organization or one which you are familiar. Include at least one graph developed from Excel. Identify the most important economic indicator affecting your organization and explain why.

Reference no: EM13452502

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