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1. Spending, Income, andGDPChapter 11McGraw-Hill/Irwin Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved. 2. Macroeconomics: Data and Issues 11-2 3.…

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Slide 1 Lecture 2: Measuring Income and Wealth Se Yan Guanghua School of Management Peking University Spring 2013 1 Slide 2 National Income Accounting Why do we need that?…

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HE9091 Principles of Economics Lecture 7 Gross Domestic Product (GDP) and Inflation Tan Khay Boon Email: [email protected] Office: HSS-04-25 Topics • Gross Domestic Product…

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Chapter 4 Lecture MEASURING GDP AND ECONOMIC GROWTH * Stocks and Flows The distinction between a stock and a flow is very important. A stock is a position at a moment of…