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GDP (GROSS   DOMESTIC PRODUCT)
NATIONAL INCOME STATISTICS REFERENCE : AS and A level Economics by COLLIN BAMFORD ,[object Object],[object Object],[object Object],[object Object]
OTHER MEASURES OF NATIONAL INCOME(NI) REF : Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object],[object Object]
GROSS DOMESTIC PRODUCT REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object],[object Object],[object Object],[object Object]
GROSS DOMESTIC PRODUCT REFERENCE : AS and A level Economics by COLLIN BAMFORD ,[object Object],[object Object]
INCOME DETERMINATION REF: LETTS STUDY GUIDE FOR A LEVEL BY RAY POWELL  ,[object Object],[object Object],[object Object]
INCOME DETERMINATION   REF: LETTS STUDY GUIDE FOR A LEVEL BY RAY POWELL  ,[object Object],[object Object],[object Object]
INCOME DETERMINATION   REF: LETTS STUDY GUIDE FOR A LEVEL BY RAY POWELL  ,[object Object],[object Object],[object Object]
MEASURING GDP REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object],[object Object],[object Object],[object Object]
THE CIRCULAR FLOW OF INCOME IN A SIMPLE  ECONOMY ,[object Object],[object Object],[object Object]
THE OUTPUT MEASURE   REF: LETTS STUDY GUIDE FOR A LEVEL BY RAY POWELL  ,[object Object],[object Object]
OUTPUT MEASURE   REF: LETTS STUDY GUIDE FOR A LEVEL BY RAY POWELL  ,[object Object],[object Object]
OUTPUT MEASURE   REF: LETTS STUDY GUIDE FOR A LEVEL BY RAY POWELL  ,[object Object]
THE OUTPUT MEASURE REF: INTRODUCTORY ECONOMICS BY STANLAKE ,[object Object],[object Object],[object Object]
THE OUTPUT MEASURE REF: INTRODUCTORY ECONOMICS BY STANLAKE ,[object Object],[object Object]
THE OUTPUT MEASURE REF: INTRODUCTORY ECONOMICS BY STANLAKE ,[object Object],[object Object]
THE OUTPUT MEASURE REF: INTRODUCTORY ECONOMICS BY STANLAKE ,[object Object],[object Object],Value of output Cost of intermediate goods Value added farmers 10 0 10 Millers 15 10 5 Bakers 25 15 10 Retailers 30 25 5 30
THE OUTPUT MEASURE REF: INTRODUCTORY ECONOMICS BY STANLAKE ,[object Object],[object Object],[object Object]
THE INCOME MEASURE   REF: LETTS STUDY GUIDE FOR A LEVEL BY RAY POWELL  ,[object Object],[object Object],[object Object]
THE INCOME MEASURE   REF: LETTS STUDY GUIDE FOR A LEVEL BY RAY POWELL  ,[object Object],[object Object]
THE EXPENDITURE MEASURE REF: INTRODUCTORY ECONOMICS BY STANLAKE ,[object Object],[object Object],[object Object],[object Object]
THE EXPENDITURE MEASURE   REF: INTRODUCTORY ECONOMICS BY STANLAKE ,[object Object],[object Object],[object Object]
THE EXPENDITURE MEASURE   REF: INTRODUCTORY ECONOMICS BY STANLAKE ,[object Object]
[object Object],[object Object],[object Object],[object Object]
Real GDP:  is simply GDP valued in constant prices of a  base year   Money  GDP: Money  GDP is GDP valued in prices of a current year. (samuelson) MONEY AND REAL GDP
MONEY AND REAL GDP REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object]
MONEY AND REAL GDP REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object]
MONEY AND REAL GDP REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object]
MONEY AND REAL GDP REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object]
How to remove effect of inflation on Nominal GDP to get Real GDP ,[object Object],[object Object],[object Object],[object Object],[object Object]
MONEY AND REAL GDP REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object]
To Calculate the GDP Deflator we use this formula ,[object Object]
Examples ,[object Object],[object Object],[object Object]
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THE CIRCULAR FLOW OF INCOME   REF: INTRODUCTORY ECONOMICS BY STANLAKE ,[object Object]
THE CIRCULAR FLOW OF INCOME
 
KEYNESIAN AND MONETARISTS REFERENCE : AS and A level Economics by COLLIN BAMFORD ,[object Object],[object Object]
KEYNESIAN AND MONETARISTS REFERENCE : AS and A level Economics by COLLIN BAMFORD ,[object Object],[object Object]
KEYNESIAN AND MONETARISTS REFERENCE : AS and A level Economics by COLLIN BAMFORD ,[object Object],[object Object]
KEYNESIAN AND MONETARISTS REFERENCE : AS and A level Economics by COLLIN BAMFORD ,[object Object],[object Object]
[object Object]
‘ AGGREGATE EXPENDITURE REFERENCE : AS and A level Economics by COLLIN BAMFORD ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
CONSUMPTION   REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object],[object Object]
CONSUMPTION   REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object],[object Object]
CONSUMPTION   REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object]
CONSUMPTION   REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object]
CONSUMPTION   REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object]
CONSUMPTION   REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object]
CONSUMPTION   REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object]
CONSUMPTION   REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
CONSUMPTION   REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
CONSUMPTION   REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object],[object Object]
CONSUMPTION   REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object],[object Object],[object Object]
CONSUMPTION   REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object],[object Object]
CONSUMPTION   REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
CONSUMPTION   REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object]
CONSUMPTION   REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object]
CONSUMPTION   REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object],[object Object],[object Object]
CONSUMPTION   REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],CONSUMPTION REFERENCE : AS and A level Economics by COLLIN BAMFORD
SAVING
SAVING   REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object],[object Object],[object Object]
SAVING   REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object],[object Object],[object Object],[object Object]
SAVING   REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object]
SAVING   REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object]
SAVING   REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object],[object Object]
SAVING   REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object],[object Object],[object Object],[object Object]
SAVING   REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object],[object Object],[object Object]
SAVING   REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object],[object Object],[object Object],[object Object]
SAVING   REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object],[object Object],[object Object]
SAVING   REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object]
SAVING   REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object]
SAVING   REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object]
SAVING   REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object],[object Object]
SAVING   REF:  Introduction to Economics and finance for CA by Abdul Hakeem Khwaja ,[object Object],[object Object],[object Object]
SAVING REFERENCE : AS and A level Economics by COLLIN BAMFORD ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
 
INVESTMENT   REF: INTRODUCTORY ECONOMICS BY STANLAKE ,[object Object],[object Object],[object Object],[object Object]
INVESTMENT   REF: LETTS STUDY GUIDE FOR A LEVEL BY RAY POWELL  ,[object Object],[object Object]
INVESTMENT   REF: LETTS STUDY GUIDE FOR A LEVEL BY RAY POWELL  ,[object Object]
INVESTMENT   REF: LETTS STUDY GUIDE FOR A LEVEL BY RAY POWELL  ,[object Object],[object Object],[object Object]
INVESTMENT   REF: LETTS STUDY GUIDE FOR A LEVEL BY RAY POWELL  ,[object Object],[object Object]
INVESTMENT   REF: INTRODUCTORY ECONOMICS BY STANLAKE ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object]
GOVERNMENT SPENDING   REF: INTRODUCTORY ECONOMICS BY STANLAKE ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
GOVERNMENT SPENDING   REF: INTRODUCTORY ECONOMICS BY STANLAKE ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
GOVERNMENT SPENDING   REF: INTRODUCTORY ECONOMICS BY STANLAKE   Influences on the level of government spending ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
GOVERNMENT SPENDING   REF: INTRODUCTORY ECONOMICS BY STANLAKE ,[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object]
NET EXPORTS   REF: INTRODUCTORY ECONOMICS BY STANLAKE ,[object Object],[object Object],[object Object]
NET EXPORTS   REF: INTRODUCTORY ECONOMICS BY STANLAKE ,[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object]
WITHDRAWALS AND INJECTIONS   REF: LETTS STUDY GUIDE FOR A LEVEL BY RAY POWELL  ,[object Object],[object Object],[object Object],[object Object],[object Object]
WITHDRAWALS AND INJECTIONS   REF: LETTS STUDY GUIDE FOR A LEVEL BY RAY POWELL  ,[object Object],[object Object],[object Object],[object Object],[object Object]
WITHDRAWALS AND INJECTIONS   REF: LETTS STUDY GUIDE FOR A LEVEL BY RAY POWELL  ,[object Object]
WITHDRAWALS AND INJECTIONS   REF: LETTS STUDY GUIDE FOR A LEVEL BY RAY POWELL  ,[object Object],[object Object],[object Object]
WITHDRAWALS AND INJECTIONS   REF: LETTS STUDY GUIDE FOR A LEVEL BY RAY POWELL  ,[object Object]
INFLATIONARY AND DEFLATIONARY GAPS REFERENCE : AS and A level Economics by COLLIN BAMFORD ,[object Object],[object Object],[object Object]
INFLATIONARY AND DEFLATIONARY GAPS REFERENCE : AS and A level Economics by COLLIN BAMFORD ,[object Object],[object Object]
INFLATIONARY AND DEFLATIONARY GAPS REFERENCE : AS and A level Economics by COLLIN BAMFORD ,[object Object]
INFLATIONARY AND DEFLATIONARY GAPS REFERENCE : AS and A level Economics by COLLIN BAMFORD ,[object Object],[object Object]
INFLATIONARY AND DEFLATIONARY GAPS REFERENCE : AS and A level Economics by COLLIN BAMFORD ,[object Object],[object Object]
[object Object]

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  • 25. Real GDP: is simply GDP valued in constant prices of a base year Money GDP: Money GDP is GDP valued in prices of a current year. (samuelson) MONEY AND REAL GDP
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