Topics
National income
- Circular flow in two to four sectors
- GDP, GNP, NNP and related aggregates
- Real and nominal GDP and welfare
- Value-added, income and expenditure methods
Learning objectives
- Calculate national income by one method and note a precaution.
Labs for this chapter are on the way
We are building worlds, labs and stories for National Income. Meanwhile, practise its questions or explore the rest of Social Science.
