Lesson 9 of 13 • 7 upvotes • 10:01mins
This lesson is the explanation of the income method to calculate GDP. Here, the terms, budget deficit and trade deficit is defined. We also learn about how we can state investment is equal to savings in this very lesson. This lesson is based on the CBSE Class XII Economics syllabus.
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