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

Determine the current in the neutral conductor, A 415V, 3-phase, 4 wires, s...

A 415V, 3-phase, 4 wires, star-connected system supplies three resistive loads as shown in Figure. Determine (a) The current in each line and (b) The current in the neutr

Circular flow of income in a closed economy, circular flow of income in a s...

circular flow of income in a single sector,two sector,three sector and four sector

Artificial intelligence and neural networks, Problem >> Explore the rel...

Problem >> Explore the relationship between Artificial intelligence and Neural networks. The systems which use this type of intelligence are known as artificial intelligent

Decrease the market equilibrium monthly rent, Suppose that the government w...

Suppose that the government wishes to decrease the market equilibrium monthly rent by increasing the supply of housing. Assuming that demand remains unchanged, by how many units of

Explain about the economies and diseconomies of scale, Explain about the ec...

Explain about the economies and diseconomies of scale. Economies and Diseconomies of Scale: a. There are economies of scale while long-run average total cost refuses as outp

Detetrmine gross investment and government expenditure, The following is th...

The following is the information from the national income accounts for a hypothetical country:  GNP                                                                  Rs. 5000.00

Pr0ject 2, how long will be the solution

how long will be the solution

IS LM MODEL, Using the equilibrium in the labor market and the model IS-LM ...

Using the equilibrium in the labor market and the model IS-LM explain the different behavior described by the classic and keynessian schools when there is an increase in public spe

Labor Economics, Assume Workers Comp awards $X to workers not working becau...

Assume Workers Comp awards $X to workers not working because of injury. $X is set to equal the workers previous wages. Once workers return to work, the award payments stop. Suppose

Write Your Message!

Captcha
Free Assignment Quote

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd