Tag: National Income

National Income Accounting: Methods and Problems

By TopicBin . Updated . 9 min read . 0 comments

In this article, we will explain the concept of national income accounting, methods of measuring national income, and problems associated with measuring national income. Before reading this article, we recommend reading and understanding the important concepts of gross domestic product and GDP growth rate. The flow

Gross Domestic Product and GDP Growth Rate

By TopicBin . Updated . 4 min read . 0 comments

Fallback Image This article intends to describe the meaning of Gross Domestic Product (GDP), illustrate GDP with a hypothetical example, and describe the GDP growth rate in straightforward terms so that any starter of macroeconomics can understand it clearly. If you are new to macroeconomics and want