Four different measures of GDP, Macroeconomics

Assignment Help:

Four different measures of GDP

Using circular flow model we see that there are 4 equivalent ways of measuring GDP:

Using the definition: market value of all finished goods (expenditure method)
As the sum of all value added from all firms (value added method)
As sum of consumption (government andprivate), investment and net exports (components method)
As the sum of all returns from factor markets: return on capital, wages and so on (income method)

Related Discussions:- Four different measures of GDP

Marginal tax rates imposed on individuals and families, Compared with the s...

Compared with the situation before 1981, the marginal tax rates imposed on individuals and families with high incomes are now lower. What was the top marginal personal income tax r

Determination of all the endogenous variables, Q. Determination of all the ...

Q. Determination of all the endogenous variables? Determination of all the endogenous variables in the AS-AD model Determination of P and Y: Prices and

After your last deposit withdraw immediately, You make a monthly deposit of...

You make a monthly deposit of $1,000 into a saving account for the next 10 years. How much can you withdraw immediately after your last deposit if your saving account pays 6% per y

Controlling the supply of money, When the reserve requirement changes, whic...

When the reserve requirement changes, which of the following will change in the total banking system? (Answer change or No Change) Transaction Deposits Total Reserves Req

Explain about interest rate, Q. Explain about Interest rate? When you b...

Q. Explain about Interest rate? When you borrow money, you normally have to pay a fee for the loan. This fee is frequently known as interest, especially if the fee is proportio

Problem with the keynesian model, The problem with the Keynesian model ...

The problem with the Keynesian model We can classify two problems with the Keynesian model as developed so far: 1. Π is exogenous. Although inflation may temporarily deviate

.business cycle, define business cycle

define business cycle

Distinguish between static and dynamic gains from trade, Question 1: Cr...

Question 1: Critically analyse the costs of inflation. Which of these items is likely to have encouraged many governments in their adoption of inflation as public enemy number

Inflation in sweden, Inflation in Sweden Figure Inflation in Swed...

Inflation in Sweden Figure Inflation in Sweden 1830 - 2010. Source: SCB. There are four aspects which are interesting when we look at inflation data for Sweden

MARKET, COMPARE AND CONTRAST CLASSICAL MODEL AND KEYNESIAN THEOTY

COMPARE AND CONTRAST CLASSICAL MODEL AND KEYNESIAN THEOTY

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages