Macroeconomics

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 …

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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 …

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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 …

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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 …

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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 …

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