Documents Slide 12-1Copyright © 2003 Pearson Education, Inc. The National Income Accounts Gross national...

Slide 1 Slide 2 Slide 12-1Copyright © 2003 Pearson Education, Inc. The National Income Accounts  Gross national product (GNP) The market value of all final goods and…

Documents Dates April 1925 UK returns to gold October 1929 The Great Crash Sept 1931 UK leaves gold

Dates April 1925 UK returns to gold October 1929 The Great Crash Sept 1931 UK leaves gold Aug 15, 1971 Nixon Econ Program Gold window closed/Import surtax/Wage/Price Freeze…

Documents The National Income Accounts Gross national product (GNP) The market value of all final goods and.....

The National Income Accounts Gross national product (GNP) The market value of all final goods and services produced by a country’s factors of production in a year, whether…