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

find the nash equilibria for all possible parameter, Two animals are fight...

Two animals are fighting over a prey. The prey is worth v to each animal. The cost of fighting is c1 for the first animal (player 1) and c2 for the second animal (player 2). If the

Fiscal policy , what is GDP

what is GDP

Define the labor market, Q. Define the Labor Market? A significant macr...

Q. Define the Labor Market? A significant macroeconomic variable is the total amount of labor which is used in a certain time period. Amount of labor and amount of capital are

Answer for questions, How can we answer in Economic terms this questions: W...

How can we answer in Economic terms this questions: Why should the government consider to increase tax on cigarette

Household production, Assume two individuals, A and B, are considering marr...

Assume two individuals, A and B, are considering marriage, and each face the same amount of hours a week to be split between market-labor and home-labor. Assume that A can make $2

RATIONAL EXPECTATIONS AND Macroeconomics, Essay on this topic

Essay on this topic

Country abandons its national currency, When a country abandons its nationa...

When a country abandons its national currency and adopts the currency of the United States, this is known as: A) A floating exchange rate system. B) Dollarization. C) A speculat

Calculate percent removal pollutant and steady state, You are considering t...

You are considering three design alternatives for treating a pollutant in wastewater using a first-order process ( k = 1 min -1 ). The total flow is 10 million gallons per day (mg

Annual increase in replacement cost, You have acquired a CT scanner at a co...

You have acquired a CT scanner at a cost of $750,000. You expect to perform 7,000 procedures per year over the estimated 5-year life of the scanner. Assuming no salvage value and a

The micro-finance institutions in india, Have the micro-finance institution...

Have the micro-finance institutions failed in their objectives?

Write Your Message!

Name

Email id

Message

Verfication Code

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!

Submit Assignment

User Account

All Pages