Macroeconomics

Meaning and Views of Inflation

This article ‘Meaning and Views of Inflation’ tries to briefly explain the meaning of inflation and different views and perspective of inflation developed over time. Inflation is generally defined as the rapid, sustained, and large increase in the prices of almost all goods and services over time. Thus, inflation means a substantial and rapid increase …

Meaning and Views of Inflation Read More »

Expenditure Method and Effect on Monetary Management

The measurement of national income accounts by using expenditure method and monetray management or currency management are closely related to each other. The spending method records all the spending made by economic sectors on domestically produced final goods and services during a particular time. The article tries to explain the measurement of GDP by expenditure …

Expenditure Method and Effect on Monetary Management Read More »

The Objectives of Monetary Policy

Monetary policy is an important tool for any country’s economic development and overall economic stability. The objectives of monetary policy may vary from country to country depending on the economic and social condition of the country and other needs. Even in the same country, monetary policy has different objectives at different times. The main objectives …

The Objectives of Monetary Policy Read More »

Among Nominal GDP and Real GDP, which GDP is better?

The nominal gross domestic product is the total market value of all newly produced goods and services during each time, usually annually. Real GDP is nominal GDP adjusted for inflation or measurement of newly-produced goods and services at constant prices. Real GDP is used to measure the actual growth of production without any effects of …

Among Nominal GDP and Real GDP, which GDP is better? Read More »

Personal Income, Disposable Income, Per Capita Income, and Personal Saving

Here in this article, we have tried to define personal income, disposable income, per capita income, and personal income. Personal Income (PI) Personal income can be defined as the income obtained by all individuals and households of a nation from all the possible formal sources before payment of direct personal tax or income tax during …

Personal Income, Disposable Income, Per Capita Income, and Personal Saving Read More »

Relationship between Concepts of National Income at Market Price and Factor Cost

After discussing several key concepts of national income at market price as well as at factor cost, in this article, we attempt to establish the relationship between concepts of national income at market price and factor cost. As we know that various concepts of national income can be measured in terms of market price as …

Relationship between Concepts of National Income at Market Price and Factor Cost Read More »

Don`t copy text!