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Nominal Gross Domestic Product
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Chapter 2 The data of macroeconomics. After studying this chapter you will be able to understand: Gross Domestic Product (GDP) measures both total income and total expenditure on the economy’s output of goods & services; nominal GDP values output at current prices; real GDP values output at constant prices; GDP is the sum of consumption, investment, government purchases, and net exports;...
54p
lovebychance02
04-05-2021
19
2
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Chapter 2 The data of macroeconomics- GDP, unemployment & inflation. After studying this chapter you will be able to understand: Gross Domestic Product (GDP) measures both total income and total expenditure on the economy’s output of goods & services; nominal GDP values output at current prices; real GDP values output at constant prices; GDP is the sum of consumption, investment, government purchases, and net exports;...
9p
larachdumlanat126
31-12-2020
16
1
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After completing this chapter, students will be able to: Learn how gross domestic product (GDP) is defined and calculated, see the breakdown of GDP into its four major components, learn the distinction between real GDP and nominal GDP, consider whether GDP is a good measure of economic well-being.
19p
larachdumlanat125
01-12-2020
22
2
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Lecture 5 - National income: Where it comes from and where it goes - II. The main contents of the chapter consist of the following: Consider why an economy’s total income equals its total expenditure, learn how gross domestic product (GDP) is defined and calculated, see the breakdown of GDP into its four major components, learn the distinction between real GDP and nominal GDP, consider whether GDP is a good measure of economic well-being.
30p
larachdumlanat124
28-11-2020
20
1
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Chapter 24 - Measuring the wealth of nations. In this chapter you will learn: How to calculate gross domestic product (GDP)? Why each component of GDP is important? What different approaches are used to calculate GDP? What the difference is between real and nominal GDP?...
11p
koxih_kothogmih6
22-09-2020
15
0
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After reading this chapter, you should be able to: Explain how gross domestic product (GDP) is defined and measured; describe the relationships among GDP, net domestic product, national income, personal income, and disposable income; discuss the nature and function of a GDP price index, and describe the difference between nominal GDP and real GDP; list and explain some limitations of the GDP measure.
21p
nanhankhuoctai10
23-07-2020
22
2
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In this chapter you will learn: How to calculate gross domestic product (GDP)? Why each component of GDP is important? What different approaches are used to calculate GDP? What the difference is between real and nominal GDP?...
41p
nanhankhuoctai1
06-05-2020
10
1
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In the decade after the end of the Cold War, there was the US preeminence that no state could challenge its power in the international system. Since 2001, the distribution of capabilities across great powers has dramatically changed. The United States’ relative decline mainly resulted from the rapid growth of newly-emerging economies, especially China and increasingly India.
13p
viartemis2711
22-10-2019
13
0
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After reading this chapter, you should be able to: Explain how gross domestic product (GDP) is defined and measured; describe the relationships among GDP, net domestic product, national income, personal income, and disposable income; discuss the nature and function of a GDP price index, and describe the difference between nominal GDP and real GDP; list and explain some limitations of the GDP measure.
18p
dien_vi03
08-10-2018
24
0
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After reading this chapter, you should be able to: Explain how gross domestic product (GDP) is defined and measured; describe the relationships among GDP, net domestic product, national income, personal income, and disposable income; discuss the nature and function of a GDP price index, and describe the difference between nominal GDP and real GDP; list and explain some limitations of the GDP measure.
18p
hihihaha5
03-01-2017
43
1
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Chapter 24 - Measuring domestic output and national income. After reading this chapter, you should be able to: Explain how gross domestic product (GDP) is defined and measured; describe the relationships among GDP, net domestic product, national income, personal income, and disposable income; discuss the nature and function of a GDP price index, and describe the difference between nominal GDP and real GDP; list and explain some limitations of the GDP measure.
24p
tangtuy08
21-04-2016
33
2
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Chapter 6 - Measuring domestic output and the price level. After studying this chapter you will be able to understand: What gross domestic product (GDP) is and what it measures, the expenditure approach to measuring gross domestic product (GDP), the income approach to measuring gross domestic product (GDP), the distinction between nominal GDP and real GDP, what the Consumer Price Index (CPI) is and how it is constructed, the shortcomings of GDP as a measure of a country’s well-being.
55p
tangtuy04
16-03-2016
65
3
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Chapter 5 - Aggregate output, prices, and economic growth. This chapter calculate and explain gross domestic product (GDP) using expenditure and income approaches, compare the sum-of-value-added and value-of-final-output methods of calculating GDP, compare nominal and real GDP, and calculate and interpret the GDP deflator,....
33p
allbymyself_10
03-03-2016
60
2
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After completing this chapter, students will be able to: Consider why an economy’s total income equals its total expenditure, learn how gross domestic product (GDP) is defined and calculated, see the breakdown of GDP into its four major components, learn the distinction between real GDP and nominal GDP, consider whether GDP is a good measure of economic well-being.
38p
youcanletgo_04
17-01-2016
80
1
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Chapter 10 Measuring a Nation's income has objectives: How gross domestic product (GDP) is defined and calculated, the breakdown of GDP into its four major components, the distinction between real GDP and nominal GDP, whether GDP is a good measure of economic well-being.
24p
talata_1
22-09-2014
81
4
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China today is an economic giant deeply embedded in global trade and production. In 2006, China’s nominal gross domestic product (GDP) exceeded two and one-half trillion U.S. dollars, larger than that of France and approaching that of Germany. Calibrated in the metric used by the World Bank to capture comparable real standards of living, China’s GDP in 2006 reached 10.21 trillion purchasing power parity (PPP) dollars, thereby placing its economy second in the world only after the United States.1...
314p
baobinh1311
25-09-2012
55
5
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