1. Chapter 16National Income 2. Lecture Plan • Objectives • Circular Flow of Economic Activities and Income – Two Sector Model – Four Sector Model• • • •…

1.Chapter 16National Income2. Lecture Plan • Objectives • Circular Flow of Economic Activities and Income – Two Sector Model – Four Sector Model• • • • •Macroeconomic…

Chapter 16 National Income Lecture Plan Objectives Circular Flow of Economic Activities and Income Two Sector Model Four Sector Model Macroeconomic variables Concepts of…

1. Chapter 16 National Income 2. Lecture Plan • Objectives • Circular Flow of Economic Activities and Income – Two Sector Model – Four Sector Model • Macroeconomic…

1 1 1. The Circular Flow of Income and Expenditure 2. The Production Possibility Frontier Macro Economic Model 2 First Model: The Circular Flow of Income and Expenditure…