Narsee Monjee Institute of Management Studies University Macroeconomics Concepts of National Income Accounting Dipankar De Mumbai, October 2007 Topics to be covered… …

1. CHAPTER 9:MEASURING NATIONAL OUTPUT &NATIONAL INCOME 2. Outline 9.1 GDP and GNP9.2Calculating GDP9.3GNP & Personal Income 9.4 Nominal and Real GDP9.5 Limitations…

Slide 10 Leader: GDP Economics: GDP as an Economic Indicator Why GDP and not GNP? What is Gross Domestic Product (GDP)? How is GDP related to a nations total income and spending?…

Slide 1MEASURING A NATIONS INCOME 0 Micro vs. Macro Microeconomics: The study of how individual households and firms make decisions, interact with one another in markets.…

Slide 1Economic Performance- Part Dos Slide 2 GNP When economists measure income, they use Gross National Product GNP- the dollar value of all final goods, services, &…

GROSS DOMESTIC PRODUCT (GDP ) DEFINITION The Gross Domestic of a country can be defined/calculated in two ways; 1. Gross Domestic Product at Market Prices Gross Domestic…

In this chapter, look for the answers to these questions: What is Gross Domestic Product (GDP)? How is GDP related to a nationâs total income and spending? What are the…

Lecture 06 Macroeconomics & Economic Indicators 1 Macroeconomics • Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making…

Slide 1 MACROECONOMICS AND THE GLOBAL BUSINESS ENVIRONMENT The Language of Macroeconomics: The National Income Accounts Copyright © 2005 John Wiley & Sons, Inc. All…

Slide 1 Agenda- 12/2 1. Turn in 8.1 Labor WS, Tucker Questions, and Guided reading WS (yellow) 2. Current Events 3. Review Taxes and GDP 4. Unit 3 Quiz 5. Stock Market Game…