Circular diagram of a nation's income

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"macro-economics" group presentation on "Measuring a nations income". …

"macro-economics" group presentation on "Measuring a nations income".
Example- regarding close economy (household, firms, government) with open economic(NX) discuss.

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Transcript

  • 1. WELCOME TO OUR PRESENTATION
  • 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)
  • 7. QUESTION / SUGGESTION
  • 8. THANK YOU ALL