Notes and Study material for Exams
The following are the subtopics of NNP at Factor Cost (NNPFC): Net National Product at Factor Cost (NNPFC) Gross National Product at Factor Cost (GNPFC) Net Domestic Product at Factor Cost (NDPFC) Gross Domestic Product at Factor Cost (GDPFC) Net National Income at Factor Cost (NNIFC) Gross National Income at Factor Cost (GNIFC) Net Domestic … Read more
Households Firms Government Foreign sector Market for goods and services Market for factors of production Flow of goods and services Flow of money Circular flow of income Injections and leakages Equilibrium in the circular flow of income Economic growth Inflation Unemployment The circular flow of income is a model that shows how money flows through … Read more
The following are the subtopics of National Income Accounting: Gross Domestic Product (GDP) Gross National Product (GNP) Net National Product (NNP) Personal Income (PI) Disposable Income (DI) National Income (NI) Wealth Capital Investment Consumption Government Spending Exports Imports Net Exports Net Factor Income from Abroad Statistical Discrepancy National income accounting is a system of accounting … Read more