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Measuring the economy and the circular flow

Measuring the economy and the circular flow

Measuring the economy and the circular flow. Topics. National income accounts Expenditure approach to GDP Income approach to GDP Circular Flow of income and expenditure Leakages and injections Inflation and consumer price index. National Income Accounts. Gross domestic product -- GDP

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758 views • 32 slides
Macroeconomics Introduction

Macroeconomics Introduction

Macroeconomics Introduction. Frederick University 2014. Economic Agents. government. Final goods and services. L, N, K. households. firms. Factors Generating Economic Problems. Scarcity of resources Technological changes Changes in tastes and preferences. Generators

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331 views • 30 slides
Estimation of Gross Domestic Product (GDP ) (with Indian experience)

Estimation of Gross Domestic Product (GDP ) (with Indian experience)

Estimation of Gross Domestic Product (GDP ) (with Indian experience). Contributed by the National Academy of Statistical Administration Central Statistics Office, India. Estimation of Gross Domestic Product (GDP). Three approaches Production approach Income approach Expenditure approach

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367 views • 28 slides
FIGURES FOR CHAPTER 7

FIGURES FOR CHAPTER 7

APPLICATIONS TO PRODUCTION FUNCTIONS. FIGURES FOR CHAPTER 7. Click the mouse or use the arrow keys to move to the next page. Use the ESC key to exit this chapter. Figure 7.1 Diminishing marginal returns. Figure 7.2 The Cobb-Douglas production function fitted to their data.

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217 views • 9 slides

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