Explain the following information in your report to members ofthe strategic planning committee:
How economists are both scientists and policymakers and whatprinciples society uses to allocate its scarce resources
Using the circular flow model, explain the flow of money andgoods in an economy.
How the economy coordinates society’s independent economicactors
A country’s gross domestic product (GDP) and how it is definedand calculated
How the consumer price index (CPI) is constructed and why it isan imperfect measurement of the cost of living
Format consistent with APA guidelines.
Book: Principles of Macroeconomics 7th Edition N. Gregory Mankiw