5.1 Learning Outcomes:
Distinguish between microeconomic and macroeconomic issues.
Present the Circular Flow Diagram.
• Calculate Gross Domestic Product (GDP).
• Identify the components of Gross Domestic Product (GDP

5.2 Action Required:
Watch the video using the following link:
https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdptopic/circular-econ-gdp-tutorial/v/circular-flow-of-income-and-expenditures
5.3 Test your Knowledge (Question):
Explain GDP and its Components.
5.4 Instructions
Answer the following given questions Identify the components of Gross Domestic
Product (GDP
in Discussion Board.
Distinguish between microeconomic and macroeconomic issues.
Identify the components of Gross Domestic Product (GDP
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