Using National Income Figures To Measure A Country’s Standard Of Living Or Social Welfare: Some Qualifications. The standard of living (SOL) otherwise referred to as the level of economic or social welfare Measures the level of material well-being of an individual or household. It refers to the real national income per capita (person) and is … Read more
Using National Income Figures To Compare Living Standards | Between Countries: some Qualifications. Fairly accurate comparisons of the national incomes of different countries are often necessary for practical reasons. Which are the very poor countries and which are the rich? How much help should be given to the poor countries by the very rich ones? … Read more
Today, we will be covering some of the Limitations of National Income statistics. We have discussed here national Income Statistics as well as some of the problems faced by when measuring national income. It has already been established that national income figures do have several important uses. National income figures have got to be used … Read more
In today’s lesson note destined for Advanced Level students, we will discuss some of the Main Concerns of Macroeconomics. Macroeconomics is basically concerned with aggregates like output. employment, etc. and how changes in these aggregates affect other aggregates. Economic well-being is measured in terms of the volume of output produced, and the number of jobs … Read more
Importance of national income statistics: If you have read the lesson note on National Income Statistics here on Edukamer, we expect you to be asking yourself what is the importance of national income statistics. And if you couldn’t come to an answer, this short lesson note is all you need. What is national income? National … Read more
What are the general problems in measuring national income? We are sure many are asking this question. And today, we’ve decided to through some light on it. We lastly wrote a short or let’s say summary note on National Income statistics where we gave the different methods for calculating national income. Today, we will be … Read more
This National Income Accounting (Statistics) lesson notes is for students of the class of upper sixth. This topic basically is concerned with how national income which is one of the main macro-economic aggregates is measured and a few related issues. What is national income? National Income (N.I) refers to the total money value of the … Read more
This Macro-economics topic or let’s say lesson note covers the Keynesian revolution, Economics, or theory depending on how you call it! Before the 1930s, Macro-economists thought that there could never be an economic depression and that the economy is inherently stable. An economic depression occurs when there is a persistent slow down in economic activities … Read more
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