National income accounting 1

Methods: ,[object Object],[object Object],[object Object],[object Object]

The Income Approach ,[object Object],[object Object],[object Object]

Output Method; ,[object Object],[object Object],[object Object]

Expenditure Method: ,[object Object],[object Object],[object Object],[object Object],[object Object]

Expenditure method: ,[object Object],[object Object],[object Object],[object Object],[object Object]

Expenditure method: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Equality of Income and Expenditure ,[object Object],[object Object]

Gross vs Net: ,[object Object],[object Object],[object Object]

Qualifications to the Income Accounting Identity ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

GDP and GNP: ,[object Object],[object Object],[object Object]

National income ,[object Object],[object Object],[object Object],[object Object]

National income: ,[object Object],[object Object],[object Object]

Personal Income ,[object Object],[object Object],[object Object],[object Object],[object Object]

PERSONAL INCOME ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Disposable Income: ,[object Object],[object Object],[object Object]

Uses of GDP Accounting: ,[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

GDP as an indicator of economic welfare: ,[object Object],[object Object],[object Object],[object Object],[object Object]

GDP as an indicator of economic welfare: ,[object Object],[object Object],[object Object]

Limitations of National Income Accounting ,[object Object],[object Object],[object Object],[object Object]

Real vs nominal GDP ,[object Object],[object Object],[object Object],[object Object]

GDP DEFLATOR: ,[object Object],[object Object],[object Object],qty1 qty2 prc1 prc2 gdp1 gdp2 A 6 11 .5 .4 3 4.4 B 7 4 .3 1 2.1 4 C 10 12 .7 .9 7 10.8 12.1 19.2

Purchasing Power Parity: ,[object Object],[object Object],[object Object]

Laspeyre’s Index: ,[object Object]

National income accounting 1

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National income accounting 1