Measuring Economic Aggregates

• Measuring Economic Aggregates
• An Overview of National Income and Product Accounting
• National Income and Product Accounting and Macroeconomics
• Gross Domestic Product and Gross National Product
• Final and Intermediate Goods and Services
• Alternative Approaches to Measuring Gross Domestic Product
• Categories of Expenditures
• Investment Expenditures Has Two Components
• GDP and Aggregate Expenditures
• Leakages and Injections
• Planned Investment Versus Actual Investment
• Aggregate Income and Value Added
• Value Added
• Limitations of National Income Accounting
• Accounting for Price Changes
• Current Dollar Value and Nominal GDP
• Real GDP
• The Simplest Example of a Price Index (One Product)
• Consumer Price Index
• The GDP Price Index, Nominal GDP, and Real GDP
• Hypothetical Data Used to Develop Chain-Weighted Indexes
• Appendix-A Closer Look at the National Income Accounts
• National Income, Personal Income, and Disposable Income

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Updated by A. Ismail April 5, 2002