Slide 1 CHAPTER 11 MEASURING NATIONAL ECONOMIC PERFORMANCES Slide 2 CIRCULAR FLOW OF INCOME Injections: money that enters the system. Government spending (subsidy, etc) Export…

Slide 1 Slide 2 NATIONAL INCOME Macroeconomics TOPIC 1 Slide 3  NI is the value of all goods and services produced in the economy in a year.  It measures the economic…

Slide 1 Measuring Economic Activity It is also called NATIONAL INCOME ACCOUNTING. Why should we measure? - Observe a country’s performance over time. - Compare performance…

Measuring Economic Activity Measuring National Income National Income= Total Income of an Economy= Total Output Most common measure is GDP⦠Recall⦠This will give us…

Economic Background Economic Background Botswana Remember - per capita Gross Domestic Product the per-head value of final goods and services produced within a nationâs boarders…

Chapter 11 Chapter 11 Measuring National economic performances Circular flow of income Injections: money that enters the system. Government spending (subsidy, etc) Export…