Circular Flow of Income and Expenditures

Watch this lecture about the circular flow of income and expenditures in a closed economy. Note that goods and services are exchanged in product markets and factors of production are exchanged in factor markets.


Source: Khan Academy, https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/circular-econ-gdp-tutorial/v/circular-flow-of-income-and-expenditures
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Last modified: Wednesday, May 19, 2021, 6:52 PM