business scenario

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Scenario: Your organization’s CEO is concerned that
members of the strategic planning committee are not familiar with current
economic thought and principles. The CEO has assigned you the task of
developing a report to introduce some of these thoughts and principles.

Develop a 1,050-word report to the members of the
strategic planning committee explaining the following information:

  • How economists are both
    scientists and policymakers and what process society uses to allocate its
    scarce resources.
  • Using the circular flow model,
    explain the flow of money and goods in an economy.
  • How does the economy coordinate
    society’s independent economic actors.
  • A country’s gross domestic
    product (GDP) and how it is defined and calculated.
  • How the consumer price index
    (CPI) is constructed and why it is an imperfect measurement of the cost of
    living.

Format the assignment consistent with APA guidelines.