上海交通大学宏微观经济学课件第二讲.pptVIP

* * * * The “definition” of capital shown on this slide (“buildings and machines”) is the same that appears in the corresponding section of the chapter. A more formal definition will be provided in subsequent chapters. * This and the following slide build the Circular-Flow Diagram piece by piece. * In this diagram, the green arrows represent flows of income/payments. The red arrows represent flows of goods services (including services of the factors of production in the lower half of the diagram). To keep the graph simple, we have omitted the government, financial system, and forei