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National Income

13 Lessons 27 mins

Discover the basics of national income and its measurement using GDP, GNP, NI, NNP, product/output, income, and expenditure methods, addressing problems in measurement, and exploring applications such as the circular flow of income, determinants of consumption and savings, investment, and equilibrium national income.

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Tutorial Lessons

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1

The Concepts of GNP, GDP, NI, NNP

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2

The Product/Output Method

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3

The Income Method

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4

The Expenditure Method

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5

Problems of National Income Measurement

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6

Uses of National Income Estimates

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The Circular Flow of Income

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Consumption

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Savings

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10

Determinants of Consumption and Savings

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Investment

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12

The Multiplier

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13

Equilibrium National Income

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