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Chapter 16

Chapter 16

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Published by Rajveer Singh

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Categories:Types, School Work
Published by: Rajveer Singh on Dec 19, 2009
Copyright:Attribution Non-commercial


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Chapter 16
National Income
Lecture Plan
ObjectivesCircular Flow of Economic Activities and
 –Two Sector Model –Four Sector Model
Macroeconomic variablesConcepts of National IncomeMeasuring National IncomeUses of National Income DataDifficulties in Measurement of National Income
To explain the circular flow of economic activity andincome.To introduce the concepts of aggregates, stock andflow and final goods.To explain various concepts of national income, likeGDP, GNP and NNP.To discuss and analyze the different methods tomeasure national income.To understand the advantages of national incomecalculation in global perspective.

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