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Documents 1. Measuring National Income

* For the economy as a whole, income must equal expenditure. GDP measures the flow of dollars in this economy. Principles of Macroeconomics: Ch 10 Second Canadian Edition…

Documents CHAPTER 2 THE DATA OF MACROECONOMICS ECN 2003 MACROECONOMICS 1 Assoc. Prof. Yeşim Kuştepeli.

CHAPTER 2 THE DATA OF MACROECONOMICS ECN 2003 MACROECONOMICS 1 Assoc. Prof. Yeşim Kuştepeli Assoc. Prof. Yeşim Kuştepeli Assoc. Prof. Yeşim Kuştepeli This chapter focuses…

Documents National Income

Macroeconomics Definition Macroeconomics is the study of the behavior and performance of the economy as a whole. According to P.A Samuelson , Macroeconomics is the study…