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Understand Which Is The Best Index? (for UPSC CSE)
Lesson 7 of 9 • 914 upvotes • 10:13mins
Ayussh Sanghi
This lesson is more of an application of the concepts taught in the lessons prior to this. The presenter focuses on answering the question Which is the best index? To do so, he makes a comparison of GDP & GNP and supports his reasons stating simple examples. He then states the limitations of each. In the second half of the lesson, the presenter focuses on the comparison between Market Price & Factor Price.
Economy for UPSC CSE (IAS): National Income Accounting
9 lessons • 1h 30m
1
Introduction to National Income Accounting (for UPSC CSE)
10:01mins
2
Learn Important Definitions of National Income Accounting (for UPSC CSE)
10:19mins
3
Detailed Outline of Gross National Product (for UPSC CSE)
10:28mins
4
Comprehend Concepts Of 'Net' & 'Gross' (for UPSC CSE)
8:20mins
5
Understand Factor Cost & Market Price in National Income Accounting (for UPSC CSE)
10:24mins
6
Learn to Calculate Indices on the basis of NIA (for UPSC CSE)
10:30mins
7
Understand Which Is The Best Index? (for UPSC CSE)
10:13mins
8
How To Measure National Income (Part 1) (for UPSC CSE)
9:57mins
9
How To Measure National Income (Part 2) (for UPSC CSE)
9:54mins
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