The Circular Flow Of Economic Activity. Answer on a sheet of paper…. 1) When you spend money, where do you spend it? 2) Think of the sources of income in your household. Where does your household income come from? NOTE: List AT LEAST three things for number one. Microeconomics.
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Copy the circular flow diagram on the board.
By the Way, I am going to erase the arrows!!
In other words, which way does Money flow?
Which way does Products flow?
Discuss with your partner….
The 1st 3 students/groups with correctly labeled graphs get incentive!
Each student/group should enter answers on their own sheet of paper to turn in at the end. 1 answer sheet per group. Remember both names!