Elements of national accounting
Economics SSS 2 Third Term
WEEK 5
Elements of national accounting
Performance Objectives
Student should be able to:
- Define national income.
- State the concepts used in national accounting.
Content
Elements of national income accounting
National income accounting may be defined as the ways or means of computing or determining the monetary value of the total volume of goods and services produced or the total income earned in a given country over some time, usually a year.
A proper accounting system will reveal the standard of the economic life of a nation and these calculations give direction to the economic progress of such nations.
Major national income concepts or components
- Gross domestic product (GDP): This may be defined as the total money.... View More
Subscribe now to gain full access to this lesson note
Take Me ThereClick here to gain access to the full notes.
- Elementary treatment of fiscal policy (I)
- Elementary treatment of fiscal policy (II)
- Balanced and unbalanced budget (I)
- Balanced and unbalanced budget (II)
- Elements of national accounting
- Economics SSS2 Third Term Mid-Term Assessment
- Test
- Elements of national accounting – Method of measuring national income
- Types of financial institutions and their functions
- Types of financial institutions and their functions ii
- Money: Demand for and supply of money
- Money: Inflation and Deflation
- Economics SSS2 Third Term Final Assessment
- Test
- Chapters 12
- Category SSS2
- Author ClassNotes Edu
For Schools & Teachers
For Schools and Teacher who want to subscribe to all of the subjects, a class or term at a discounted price.
Order Now
Create Your Bundle
Need many subjects? Waste no time. Select many subjects together in one subscription at a discounted price.
Create Bundle