MEASURING A NATIONS INCOME 0 Micro vs. Macro Microeconomics: The study of how individual households and firms make decisions, interact with one another.
#DigitalAtlantic PIA Building – San Sebastian 13 March 2014 Colm Mc Colgan - ERNACT.
7- Part II Measuring a Nation’s Income You need to have a Calculator with you. You need to have a Calculator with you. ECON 2105 E-Mail: [email protected].
Measuring a Nation’s Income 0. In this Lecture, we look for the answers to these questions: What is Gross Domestic Product (GDP)? How is GDP related to.