PPT-National Income: Where It Comes From and Where It Goes

Chapter 3 of Macroeconomics 8 th edition by N Gregory Mankiw ECO62 Udayan Roy Chapter Outline In chapter 2 we saw that Y C I G NX In this chapter we will see . S. ingle . Number:. A Political History of GDP. Public Lecture. Department of International . Development, LSE . April 28, 2015. Philipp Lepenies, Freie Universität Berlin. #. LSEGDPHistory. GDP . as. The value of the output of goods and services produced in an economy over a period of time. Increases in National Income mean that the economy has grown – economic growth!. It is assumed that a . richer nation . of Payments. Prepared by:. Fernando Quijano. Dickinson State University. 16. 1. Measuring. Macroeconomic. Activity: An. Overview. 2. Income, Product,. and Expenditure. 3. The Balance of Payments. 4. 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. . By . Dr. C. . Dhandapani. , Professor of Economics. Salient Features of Indian Economy. Indian Economy is termed as the developing economy of the world.. Some Features like low per Capita income, higher population below poverty line, poor infrastructure, Agriculture based economy and lower rate of capital formation, tagged it as a developing 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. the . European Statistical . System. II. 2 The . S. ystem of . N. ational . A. ccounts. Jean . Monnet. Chair. Luigi Biggeri. 2017-2018. Outline. The circular flow of the economy. The system of NA: Basic Equations and Identities (Accounts). Issues to be . addressed by the HLEG subgroup on income and wealth inequality. Thomas . Piketty. Paris School of Economics. OECD, . January 16. th. 2014. « W. ork. under the “income and wealth inequality” theme would take stock of... . Binod. . Goswami. , Nowgong Girls’ College . MACRO . ECONOMICS. What . is Macroeconomics? . . “Macro” is derived from Greek word “. Makros. ” . meaning Large . 13-15 April 2016, Paris. Overview of the Implementation of National Accounts at Global . Level. 1. Outline. Overview of the status of implementation of the 2008 SNA at global and regional level. Global .