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Video tutorials - Economics: Introductory Macroeconomics - National Income and Related Aggregates (Central Board of Secondary Education (CBSE))

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shaalaa.com | National Income and Related Aggregates Part 1

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National Income and Related Aggregates Part 1 [00:21:30]
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Description

  • Some basic concepts: consumption goods, capital goods, final goods, intermediate goods; stocks and flows; gross investment and depreciation.
  • Circular flow of income; Methods of calculating National Income - Value Added or Product method, Expenditure method, Income method.
  • Aggregates related to National Income: Gross National Product (GNP), Net National Product (NNP),
    Gross and Net Domestic Product (GDP and NOP) - at market price, at factor cost; National Disposable Income (gross and net), Private Income, Personal Income and Personal Disposable Income; Real and Nominal GDP. 
  • GDP and Welfare
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