Consumer, Business, Government and Foreign Sector...
1. Can you describe how these participants contribute to the GDP [Gross Domestic Product] and to the economic growth?
2. How can the economy bounce back quickly from the recession? As we begin fleshing out the Wheel of Income and the National Income Accounting 'snapshots,' we need to understand how consumers and businesses behave and why. How do these two relate to each other in the Circular Flow Economy and to the Government and Foreign Sector components? How does all this fit on a Wheel of Income?