Circular Flow Model
Students will construct and interpret the circular flow model to understand the interaction between households, firms, government, and the rest of the world.
Key Questions
- Explain the flow of goods, services, resources, and money in a simple circular flow model.
- Analyze how government spending and taxation fit into the circular flow.
- Construct a circular flow diagram that includes international trade and financial markets.
Ontario Curriculum Expectations
Suggested Methodologies
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