Circular flow of income and expenditures (video) | Khan Academy
https://www.khanacademy.org:443/economics-finance-domain/ap-macroeconomics/economic-iondicators-and-the-business-cycle/21/v/circular-flow-of-income-and-expenditures
WEBAbout. Transcript. Let's explore GDP through a hypothetical island economy with just one inhabitant. The islander sets up a firm to manage his resources, including land, a building, and his own labor. A circular flow of goods and services result from factors of production and goods and services received.
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