1. Chapter 16National Income 2. Lecture Plan • Objectives • Circular Flow of Economic Activities and Income – Two Sector Model – Four Sector Model• • • •…
1. What is Economics? A social science concerned with using scarce resources to obtain the maximum satisfaction of the unlimited material wants of society. (Walstad and…
Slide 1An Overview Slide 2 The Mission To provide an automated infrastructure for the Corporate Services Department to enable efficient Services and Supplies Management Slide…
Slide 1 Slide 2 International Labour Organization Slide 3 Slide 4 labour market policies an introductory elaborated by Fred Fluitman Presented by Mostefa Boudiaf International…
1.Chapter 16National Income2. Lecture Plan • Objectives • Circular Flow of Economic Activities and Income – Two Sector Model – Four Sector Model• • • • •Macroeconomic…
1. Productivity Chap. 4, The Theory of Aggregate Supply 2. Income depends on Output, Output depends on productivity and labor GDP, Y, is value produced. GDP can be decomposed:…