PPT-National Income and Price Determination:

Sample Questions AP Economics Mr Bordelon My cat Emma loves you all and is watching you work hard Suppose GDP is 8000 autonomous consumption is 500 and planned investment spending is 200 The marginal propensity to consume is 08. and Cross Elasticity. http://www.bized.co.uk/educators/16-19/economics/markets/presentation/elasticity.ppt. . Elasticity – the concept. The responsiveness of one variable to changes in another. When price rises, what happens . and . National Income. . National Income Accounting. This measures the economy’s performance by measuring the flows of income and expenditures over a period of time. It does for the economy as a whole what private accounting does for the individual firm or household.. Chapter 8 – page 172. So . 2.10. What is National Self-Determination?. People are trying to gain or keep the power to control their own affairs. They want to make their own decisions about what is in their national interests.. for the Regional . Programme. on Economic Statistics. Bangkok, November 2016. Strengthening the NSS of Maldives –project progress. Scoping mission fielded by ESCAP to Maldives from 19-22 October 2015. Semester Exam. ADVANTAGE and DISADVANTAGE:. Sole Proprietorship. ADVANTAGE:. there is easy entry into the market; you are in business for yourself . DISADVANTAGE:. . unlimited liability; limited lifespan for the company; more difficult to rise capital. The Gross Domestic Product (GDP) and National Accounting 2 GDP and National Accounting Chapter 7 Vocabulary Nominal Gross Domestic Product (GDP) Real GDP Intermediate goods Final goods Disposable income IN INDIA. INTRODUCTION . Borkakati. Asst. Professor. Department of Economics. Mangaldai College. National Income . Is defined as total market value of all final goods & services produced by residents of a country while working both within or outside the domestic territory in an accounting year.. By S Khan . PGT ( Economics). K V Aligarh. Steps:-. 1- . Estiumation. of Value of out . put:- . . Value of out put = . Sales . + . change in stock.. 2-Estimatimg the value of intermediate . consumption-. TOPIC 1. NI is the value of all goods and services produced in the economy in a year.. It measures the economic performance of a country.. WHAT IS NATIONAL INCOME?. This can be done in 3 ways:. GROSS DOMESTIC PRODUCT (GDP). To understand the structure and level of any economy and the change in it over time, it is essential to know about its net domestic product. Net domestic product shows the flow of goods and services in the economy. Data on net domestic product presents a complete picture of different sector of the economy. . Gross Domestic Product (GDP). “GDP is the market value of all final goods and services produces within a country in a given period of time”. Y = C + I + G + NX. Y = GDP. C – Consumption. I – Investment. Leadership . Prepared by. ANINDITA CHAKRAVARTY. Economists have developed various models concerning price-output determination under price leadership making different assumptions about the . behaviour. . Binod. . Goswami. , Nowgong Girls’ College . MACRO . ECONOMICS. What . is Macroeconomics? . . “Macro” is derived from Greek word “. Makros. ” . meaning Large .