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GRADE 12 ECONOMICS UNIT MODULE 1 MANAGING THE …

GR 12 ECONOMICS U1. GRADE 12. ECONOMICS . unit MODULE 1. MANAGING THE ECONOMY: A Macro-Economic Focus TOPIC 1: THE CIRCULAR FLOW OF INCOME MODEL. TOPIC 2: THE ECONOMIC GOALS OF PAPUA NEW GUINEA. 1. GR 12 ECONOMICS U1 ACKNOWLEDGEMENT. ACKNOWLEDGEMENT. We acknowledge the contributions of all Secondary Teachers who in one way or another have helped to develop this Course. Our profound gratitude goes to the former Principal of FODE, Mr. Demas Tongogo for leading FODE team towards this great achievement. Special thanks to the Staff of the English Department of FODE who played an active role in coordinating writing workshops, outsourcing lesson writing and editing processes, involving selected teachers of Central Province and NCD.

1 GRADE 12 ECONOMICS UNIT MODULE 1 MANAGING THE ECONOMY: A Macro-Economic Focus ... development to the extended model. The model of the simple circular flow of income is ideal ... To understand this very clearly it has been divided into five (5) broad sectors as: 1. Household 2. Firm 3. Capital 4. Government

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