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Uses of national income data

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  • 1. 1.2 Uses of National income data
  • 2. Unit 4 part 1 • The economic cycle and economic growth • Use of national income data to assess living standards • Inflation and deflation • Unemployment
  • 3. Objectives • Revision questions on your reading • Evaluate the usefulness of national income statistics in helping measure living standards in different countries.
  • 4. Revision questions 1. What is GDP? (how do you calculate it?) 2. What is GNP? (how do you calculate it?) 3. What is NI? (how do you calculate it?) 4. Explain 3 difficulties of using GDP as a measure of living standards 5. Explain 2 alternatives to using national income as a measure of economic welfare 6. Explain 4 of the 13 quality of life indicators
  • 5. Objectives • Revision questions on your reading • Evaluate the usefulness of national income statistics in helping measure living standards in different countries.
  • 6. “Evaluate the usefulness of national income statistics in helping measure living standards in different countries.” (25 marks) Key definitions 3 advantages Possible alternatives + explanations 3 disadvantages Other possible measures? Conclusion Use statistics and examples. From the UK and elsewhere Due in: Tuesday 24th September
  • 7. Objectives • Revision questions on your reading • Evaluate the usefulness of national income statistics in helping measure living standards in different countries.