They’re the components of a nation’s gross domestic product (GDP) or national income. The model is also referred to as the circular flow of income model for this reason. The circular flow ...

There are 4 pools within this circular flow related to the income and utilization of labor and capital. In the center of the model is the percentage of national income from production that goes to ...

These factors are the components of a nation's gross domestic product (GDP) or national income. For that reason, the model is also referred to as the circular flow of income model. The circular ...