The Circular Flow of Income The circular flow of income The interdependence of goods markets and factor markets The circular flow of income: a simple economy Assume that…
Slide 1 Chapter 12 Slide 2 Preview National income accounts –measures of national income –measures of value of production –measures of value of expenditure National…
Slide 1 1 Chapter 13 National Income Accounting and the Balance of Payments Preview National income accounts –measures of national income –measures of value of production…