PPT-Chapter 3 Trends in National Income

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 . National Achievement Trends and AP Access. Iris Maria Chavez, The . Education Trust. June . 20. , . 2013. Examine national and state-specific achievement trends to better understand where we’ve come from and where we need to go to move the needle on equity. 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 . PROG. : BSCAC. LEVEL. : 2.2. . YEAR :. 2016. PROG. : BSCAC. LEVEL. : 2.2. . YEAR :. 2016. political implications. Branko Milanovic. LIS Center; Graduate School City University of New York. Spring 2016. Branko Milanovic. A. Within-national inequalities. Branko Milanovic. Ginis in the late 1980s and around now. Assessing the Economy’s Performance. National income accounting . measures economy’. s overall performance. Bureau of Economic Analysis compiles National Income and Product Accounts. Assess health of economy. 2 mobility across generations For example 37 of adult children whose parents on one hand were in the bottom quintiles of the family income remain themselves in the same quintiles while only 8 of those 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). 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. Figure 13.1 Housing Bubble and Credit Access, 1975 – 2019. Sources: . Federal Reserve; Shiller dataset . www.econ.yale.edu. /~. shiller. /. data.htm. .. Figure 13.2 (a) Traditional Mortgage Lending Structure. . Binod. . Goswami. , Nowgong Girls’ College . MACRO . ECONOMICS. What . is Macroeconomics? . . “Macro” is derived from Greek word “. Makros. ” . meaning Large .