Lesson 8 of 13 • 4 upvotes • 10:55mins
In this lesson, the expenditure method of calculating national income is discussed. The four accounts of expenditure made in the economy are explained and how a firm's revenue can be determined with this expenditure is discussed. The calculation of GDP by using expenditure method is also a part of this lesson.
13 lessons • 1h 57m
Course Overview
5:00mins
Basic Concepts of Macroeconomics Part 1
9:32mins
Basic Concepts of Macroeconomics Part 2
9:15mins
Factors of Production
9:12mins
Circular Flow of Income
6:50mins
Calculation of National income
7:59mins
Product method
10:47mins
Expenditure method
10:55mins
Income method
10:01mins
Some Macroeconomic identities 1
8:33mins
Some Macroeconomic identities 2
9:44mins
Goods and prices
11:06mins
GDP and Welfare
8:19mins