SESSION 3: DETERMINATION OF EQUILIBRIUM NATIONAL INCOME After examining each category of aggregate planned expenditure and its relationship to real GDP, we can now advance the analysis by focusing …
SESSION 2: COMPONENTS OF AGGREGATE PLANNED EXPENDITURE We introduced national income and equilibrium national income in the previous session. This session will examine the components of aggregate planned expenditure …
SESSION 1: THE DETERMINATION OF ECONOMIC ACTIVITY In the previous session, we illustrated the flows of outputs, incomes, and expenditures around an economy in the form of the circular …
SESSION 3: GOVERNMENT AND THE ECONOMY Welcome to the third session of unit two. Individuals, businesses, and governments all have decisions to make regarding the use of resources. However, …
SESSION 4: NATIONAL INCOME ACCOUNTING Accurate measurement of economic activity is important as a basis for sound decision-making. No one would sensibly attempt to drive a car without reliable …
SESSION 5: FACTORS INFLUENCING THE SIZE OF NATIONAL INCOME We have been able to describe the national income and its macroeconomic applications. Just as the income of any laborer …
SESSION 6: CIRCULAR FLOW OF INCOME Dear visitor, Welcome to the last session of the first course. In this session, we will discuss the recirculation of income. This session …
SESSION 2: MACROECONOMIC POLICIES AND ECONOMIC POLICIES In the previous session, you were introduced to the macroeconomy and macroeconomic indicators, as well as provided with an overview of their …
UNIT 1: MACROECONOMICS AND MEASUREMENT OF ECONOMIC ACTIVITY This course book, “Applied Macroeconomics,” was written by experts in the field to update your general business knowledge and provide you …
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