National Income Accounting Macro Measurements Expenditure/Income Approach GDP.
Copyright © 2008 Pearson Addison-Wesley. All rights reserved. Chapter 2 Measurement.
Measuring National Output Chapter 5. Economic goals Economic growth Full employment Low inflation An economy grows because of increases in available.
1 20 C H A P T E R © 2001 Prentice Hall Business PublishingEconomics: Principles and Tools, 2/eO’Sullivan & Sheffrin Measuring a Nation’s Production and.
Transformation After Socialism* January 2015 Leszek Balcerowicz Warsaw School of Economics *I’m grateful to Magda Ciżkowicz, Aleksander Łaszek, Sonja Wap.
THEMES
Competing land uses in the rural landscape. How do we achieve true progress?
VCE Economics Unit 1 Area of Study 2. Gross Domestic Product (GDP): The figure used to measure a countries’ economy Gross=Total Domestic=Local Product=Item.
Measuring Economic Activity It is also called NATIONAL INCOME ACCOUNTING. Why should we measure? - Observe a country’s performance over time. - Compare.
