Circular Flow of Income- courtesy of the ONS

Having just taught the circular flow of income to my year 12 Economists, the Office for National Statistics come along with a brilliant tool I can use to revise this topic- but it would work equally well as part of an introductory lesson.

Here is the static image courtesy of the ONS:

Or alternatively, there is the interactive version which would be really useful for quick and easy access to the latest data on each aspect of this diagram- you simply click on the relevant option, e.g. 'UK trade', and up comes a list of the latest UK trade data.

A useful activity to link in with this could be to get different students/groups of students to research a particular aspect of the circular flow, using this webpage, and present back on what the latest data tells us and what that means for the UK economy- e.g. how it will affect our circular flow, the value of the multiplier, and our aggregate demand.