GDP STRUCTURES AND MEASUREMENT ERAZMUS 2013-2014.

Slides:

Advertisements

Similar presentations

ECO Global Macroeconomics

Advertisements

Measuring National Output and National Income

Measuring National Income Copyright P Oldfield Measuring National Income THE ABSOLUTE BASICS.

Slides for Part I National Income Accounting (NIA) NIA is the measurement of aggregate or total economic activity.

Measuring a Nation’s Income

Chapter 2 The Measurement and Structure of the Canadian Economy Economics 282 University of Alberta.

Gross Domestic Product (GDP) The sum of the flow of all final economic goods and services produced by the domestic economy during a relevant period of.

Measuring Economic Performance. GDP x GNP The market value of the final goods and services produced by workers and other resources located within the.

1 National Income and Product Accounting Gross vs. Net Domestic vs. National Product vs. Income.

Chap 10, Mankiw – Measurement of national income

1. BASIC ECONOMIC CONCEPTS AND SOME CONTEMPORARY ISSUES Erasmus 2010.

NATIONAL INCOME ACCOUNTING Three methods of measuring national income:-- 1.Value added method 2.Income method 3.Expenditure method Value added method:--

Chapter 11 Practice Quiz Tutorial Gross Domestic Product

Chapter 2 The Measurement and Structure of the Canadian Economy Copyright © 2012 Pearson Education Inc.

Gross domestic product. Definition GDP = market value of the final good and services produced within country in a given period of time.

1 Chapter 15 Gross Domestic Product Key Concepts Key Concepts Summary Practice Quiz Internet Exercises Internet Exercises ©2002 South-Western College Publishing.

Chapter Two National Income Accounting Gross Domestic Product and Gross National Product 1. Calculating GDP Final goods and value added current output.

ECONOMIC NOTIONS. Economics and Macroeconomics Macroeconomic environment -decissions of economic units: what, how, to whom, when -maximization: of utility,

 National Income Accounting measures economy’s overall performance  Statistics Canada compiles National Income and Product Accounts  Assess health of.

Exercises Chapter 2 Measuring National Output and National Income

WHAT IS NATIONAL INCOME ? NATIONAL INCOME (ALSO REFERRED TO AS NET NATIONAL PRODUCT) MAY BE DEFINED AS “A MEASURE OF THE MONEY VALUE OF THE TOTAL FLOW.

Gross Domestic Product (GDP) What is Gross Domestic Product and how we measure it? Why is this measure important? What are the definitions of the major.

What is Gross Domestic Product? Economics 11 Stewart Where you see the pencil, copy the note!

GDP and the Standard of Living CHAPTER 5. GDP What are economist concerned about? What is an economy? Defn: The SOL is the level of consumption of goods.

Income Approach National Income Accounting. Two Methods of Calculating GDP There are two methods of calculating GDP: the expenditure approach and the.

Measurement Of National Income – An Overview Flow of Product Approach Components of GNP GNP = Private Consumption (C) + Gross Private Domestic Investment.

BRINNER 1 6.ppt The National Income Accounts and the Government Budget Lecture 6.

Eco 200 – Principles of Macroeconomics Chapter 7: National Income Accounting.

National Income Accounting How Do We Measure The Size and Health of an Economy?

Economic Environment Analysis

National accounts and the basic identities. Spanish national accounts  GDP: The GDP of a country is defined as the total market value of all final goods.

MEASURING NATIONAL OUTPUT AND NATIONAL INCOME. GROSS DOMESTIC PRODUCT (GDP) versus GROSS NATIONAL PRODUCT (GNP) 1.GDP It is the market value for all final.

National Income Accounting Dr. Dennis Foster. Total Expenditures Approach GDP = Gross Domestic Product GDP = Gross Domestic Product Market value of final.

Calculating GDP Expenditure vs. Income Approach AP Macroeconomics Adapted from Ms. McCarthy.

Measuring GDP - NZSNA. Gross Domestic Product (GDP) GDP= the money value of final goods and services produced in an economy in a year. Three ways to measure.

National Income. National Income is the sum total of factor incomes earned by the normal residents of a country in the form of wages, rent, interest and.

National Income Concept and Measurement

National Income National Income Accounting Macroeconomics-Unit-I National Income is the sum total of income of all the earning units of a country in a.

Economic growth Macroeconomics 1. Fundamental macroeconomic indicators Economic growth Unemployment Inflation 2.

HOUSEHOLD SECTOR FIRMS PAYMENT FOR RESOURCES (1) GOODS & SERVICES (2) PAYMENT FOR G & S (3) 1]INCOME APPROACH OR METHOD 3]PRODUCTION APPROACH OR METHOD.

All Rights Reserved PRINCIPLES OF ECONOMICS Third Edition © Oxford Fajar Sdn. Bhd. ( T), – 1.

National Income.

MEASURING NATIONAL OUTPUT AND NATIONAL INCOME

CHAPTER 6: NATIONAL INCOME ACCOUNTS

Prepared by Anton Ljutic

4 GDP & National income accounting

ECN 200: Introduction to Economics Macroeconomic Aggregates

Section 3 Module 10.

National Income 9/12/2018 Dr.P.S EAB IV unit.

Department of Economics

Gross Domestic Product

National Income Accounting

PRESENTED BY - Dr. R. S. Dhankaria Course Director & Principal

Gross Domestic Product and other Indicators

Gross Domestic Product Accounting

Principals of Economics Law class

الفصل الرابع: لمحة في الاقتصاد الكلي

Principals of Economics Law class

الناتج المحلي الإجمالي مفاهيـم وطرق القياس

The Circular Flow of Income

Variations in Economic Structure

National Income Accounting

Analysis of the Financial System and the Economy

Gross Domestic Product Accounting

National Income Accounting

National Income Accounting (NIA)

National Income Accounting

Measuring National Output and National Income

National Income.

Measuring National Output and National Income

Presentation transcript:

GDP STRUCTURES AND MEASUREMENT ERAZMUS

METHODS FOR CALCULATING GDP Σ(R i -MS i ) = Σ (W j + P j + R j ) = C + I + G + (E- IM) value added = incomes = final demand with: R i, Ms i – sales and material costs of productive unit i, W j, P j, R j – salaries, profits and rents of people engaged in production, C – personal consumption, I - investments, G – government consumption, E – exports and IM - imports

GDP STRUCTURES PRODUCTION INCOMES FINAL DEMAND Value added Salaries Private Consumption Industrial Sectors Dividends Gross Investments (A-F) Retained Profits Government cons. Services Depreciation Exports (G-O) - Imports GDP, factor prices + indirect taxes+ indirect taxes - subsidies- subsidies GDP, market pricesGDP, market prices GDP, market prices - incomes incomes GNP, market pricesGNP market, prices - capital depletion NNP, market prices

THE GDP STRUCTURES IN 2009 EMUEU27SloveniaSEEcountries GDP (bill. €) VALUE ADDED (% of GDP) Agriculture Industry Services INCOMES (% of GDP) Wages Gross profits Indirect taxes FINAL DEMAND (% of GDP) Private consumption Government consumption Investments Exports Imports

GDP MEASUREMENT PROBLEMS Slovenia GDP billions Din, Sit Retail sale prices Producers prices GDP in 1989 prices US$/DinSIT GDP v mil. US$ population GDP/ cap. US$