Transcription of krugman PPT c12 06 - Econometrics Laboratory, UC Berkeley
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krugman PPT c12 06 - Econometrics Laboratory, UC Berkeley
Slides prepared by Thomas BishopChapter 12 National IncomeAccounting andthe Balanceof PaymentsCopyright 2006 Pearson Addison-Wesley. All rights National income accounts measures of national income measures of value of production measures of value of expenditure National saving, investment and the currentaccount balance of payments accountsCopyright 2006 Pearson Addison-Wesley. All rights Income Accounts Records the value of national income thatresults from production and expenditure. Producers earn income from buyers who spendmoney on goods and services. The amount of expenditure by buyers =the amount of income for sellers =the value of production. National income is often defined to be the incomeearned by a nation s factors of 2006 Pearson Addison-Wesley. All rights Income Accounts: GNP Gross national product (GNP) is the valueof all final goods and services produced by anation s factors of production in a giventime period.
Balance of Payments Accounts (cont.) • The negative value of the official reserve assets is called the official settlements balance or “balance of payments”.
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Chapter 13 National Income Accounting and the Balance, Chapter 13 National Income Accounting and the Balance of Payments, The balance of payments, Balance, National Income Accounting and the Balance of Payments, The Balance of Payments and the Exchange Rate, Payments, Balance of payments, Of payments, National Income and Balance of Payments Accounts, Balance of Payments Constraint and Inflation, Of-payments, Study Questions with Answers, Balance Study Questions with Answers