Four different measures of GDP, Macroeconomics

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

Firm''s total revenues, How much will your firm's total revenues (revenues ...

How much will your firm's total revenues (revenues from both products) change if you increase the price of good X by 2 percent?

Project of introducing a new product in africa, How to prepare a a project...

How to prepare a a project on a new product in africa.

No relationship between the two at other times, Do some research and find t...

Do some research and find the inflation rate and the level of unemployment in the U.S. economy for the past 40 years. Is there a relationship between the two? If so, what type of r

COMPLETE KEYNESTION MODEL, WHAT IS THE SHAPE OF AGGREGATE SUPPLY CURVE IN C...

WHAT IS THE SHAPE OF AGGREGATE SUPPLY CURVE IN COMPLETE KEYNESIAN MODEL

Describe about consumption function, Q. Describe about consumption function...

Q. Describe about consumption function? The consumption function Consumption C(r) is assumed to be negatively related to the real interest rate r

Economic analysistenets of tenets, One of the main tenets of economic analy...

One of the main tenets of economic analysis is that people act in their own narrow interests. Why, then, do people leave tips in restaurants? If a study were to compare the size of

Using algebra find the equilibrium price, The demand equation for champagne...

The demand equation for champagne is given by P = 10 - Q. The supply schedule for champagne is given by P = Q. Note that P denotes price per bottle in dollars, and Q is quantity me

NON LINEAR BREAK EVEN ANALYSIS., WHAT IT MEAN

WHAT IT MEAN

DYNAMIC MULTIPLIER, Describe dynamic multiplier

Describe dynamic multiplier

Financial crisis in terms of adverse, Briefly explain the dynamics of the 2...

Briefly explain the dynamics of the 2007 financial crisis in terms of adverse selection and moral hazard.

Write Your Message!

Name

Email id

Message

Verfication Code

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages