Circular Flow of Income

Some useful resources to help develop your understanding of this important macroeconomic model.

Economics Online video

Tutor2u study notes

ONS infographic

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Economic Activity

Some resources to help you prepare for the test this week.

Circular Flow of Income

http://www.ons.gov.uk/ons/interactive/ons-statistics-products/index.html

https://www.youtube.com/watch?v=2wM0jHL6TQs

Limitations of GDP (GNP) as a measure of living standards – Robert F Kennedy

https://www.youtube.com/watch?v=77IdKFqXbUY