"macro-economics" group presentation on "Measuring a nations income".
Example- regarding close economy (household, firms, government) with open economic(NX) discuss.
>to hard to see here so download it.
2. GROUP MEMBERS
Taibul Islam (2013-3-10-020)
Sultan Md. Ishraq (2013-1-14-046)
Rezwana Manzur Naoumi (2014-1-30-030)
Aklima Akter Prema (2013-2-10-093)
3. CIRCULAR DIAGRAM OF A NATIONS’ INCOME
Introduction
Measuring a nation’s income
Gross national product (GDP)
What is counted in GDP
What is not counted in GDP
4. CIRCULAR FLOW DIAGRAM FOR 2 SECTOR MODEL
So the equation for the 2 sector model is:
[Y= GDP; I= Investment; C= Consumption; S=
Saving]
i) Y= C ;(for poor people only)
ii)Y= C+I = C+S
S=I ;(when financial systems like banks come
to allocate the monetaryflow)
5. CIRCULAR FLOW DIAGRAM FOR 3 SECTOR MODEL
So, our equation for 3 sector model is,
Y=C+I+G
(G= Government purchases)
This equation named goal of Government.
6. CIRCULAR FLOW DIAGRAM FOR 4 SECTOR MODEL
So the equation for 4 sector
model:
Y= C+I+G+NX
(NX= EXPORT – IMPORT)