This document provides an overview of key economic concepts including GDP, GNP, NNP, national income, and the relationships between saving and investment. It defines GDP as the total value of goods and services produced within a country's borders annually. GNP is similar but includes output from a country's citizens abroad. NNP is GNP minus depreciation. The document also outlines formulas and approaches for calculating these indicators and differences between nominal and real GDP.
National Income and Its Measurement
Techniques
• Inflation, Causes and Controlling
• Business Cycle
• Forms of Business
• Management Functions
• Managerial Skills
• Levels of Management
• Role of a manager
Give more definations and Concepts of National Income it includes:
Gross Domestic Product (GDP).
Gross National Product (GNP).
Net Domestic Product (NDP).
Net National Product (NNP). and many more...
National Income and Its Measurement
Techniques
• Inflation, Causes and Controlling
• Business Cycle
• Forms of Business
• Management Functions
• Managerial Skills
• Levels of Management
• Role of a manager
Give more definations and Concepts of National Income it includes:
Gross Domestic Product (GDP).
Gross National Product (GNP).
Net Domestic Product (NDP).
Net National Product (NNP). and many more...
Normal Labour/ Stages of Labour/ Mechanism of LabourWasim Ak
Normal labor is also termed spontaneous labor, defined as the natural physiological process through which the fetus, placenta, and membranes are expelled from the uterus through the birth canal at term (37 to 42 weeks
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
Safalta Digital marketing institute in Noida, provide complete applications that encompass a huge range of virtual advertising and marketing additives, which includes search engine optimization, virtual communication advertising, pay-per-click on marketing, content material advertising, internet analytics, and greater. These university courses are designed for students who possess a comprehensive understanding of virtual marketing strategies and attributes.Safalta Digital Marketing Institute in Noida is a first choice for young individuals or students who are looking to start their careers in the field of digital advertising. The institute gives specialized courses designed and certification.
for beginners, providing thorough training in areas such as SEO, digital communication marketing, and PPC training in Noida. After finishing the program, students receive the certifications recognised by top different universitie, setting a strong foundation for a successful career in digital marketing.
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.
This presentation includes basic of PCOS their pathology and treatment and also Ayurveda correlation of PCOS and Ayurvedic line of treatment mentioned in classics.
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
By Dr. Vinod Kumar Kanvaria
2. Contents
• Concept of National Income
• GDP
• GNP
• Real Vs Nominal GNP
• NNP
• NI
• Saving Consumption
3. Gross Domestic Production (GDP)
• Gross domestic product (GDP) is the total monetary or market value of all the
finished goods and services produced within a country’s borders in a specific
time period.
• Though GDP is typically calculated on an annual basis, it is sometimes
calculated on a quarterly basis as well.
• GDP provides an economic snapshot of a country, used to estimate the size of an
economy and its growth rate.
• GDP can be calculated in three ways, using expenditures, production, or incomes
and it can be adjusted for inflation and population to provide deeper insights.
• Real GDP takes into account the effects of inflation while nominal GDP does
not.
• Though it has limitations, GDP is a key tool to guide policymakers, investors,
and businesses in strategic decision-making.
5. How to calculate GDP
• Expenditure approach
• Income approach
• Production approach
6. Gross National Production (GNP)
• In other words, GNP is the monetary worth of goods and services
produced utilizing the means of production owned by a country’s
residents and companies, regardless of their location. Governments use
this data to estimate manufacturing, employment, savings and
investments, inflation, etc., and make laws accordingly. It differs from
GDP that considers the total value of products made inside the borders
of a state.
7. • Y = C + I + G + NX + Z
• Where,
• C = Consumption expenditures
• I = Business Investments
• G = Government expenditures
• NX = Net exports (exports – imports)
• Z = Net income (Net income of domestic residents or firms from overseas
investments – Net income of foreign residents or firms from domestic
investments)
8. Differences Between GDP and GNP
• Gross Domestic Product (GDP) and Gross National Product
(GNP) are considered to measure a country’s annual output, where
Gross Domestic Product (GDP) is a measure of national production
during the whole year. In contrast, Gross National Product (GNP)
measures the annual output or manufacturing by a country’s citizens in
their home country or abroad. Hence, the country’s border is not
considered in the GNP calculation.
9. Gross National Income (GNI)
• GNI is another measure of economic growth. It is the sum of all
income earned by citizens or nationals of a country (regardless of
whether the underlying economic activity takes place domestically or
abroad). The relationship between GNP and GNI is similar to the
relationship between the production (output) approach and the income
approach used to calculate GDP.
• GNP uses the production approach, while GNI uses the income
approach.
10. Real Vs Nominal GNP
Nominal GDP measures the annual production of goods or
services at the current price. On the other hand, Real
GDP measures the yearly production of goods or services
calculated at the actual cost without considering the effect of
inflation. Hence, nominal gross domestic product is regarded as
a more apt measure of GDP.
Nominal GDP reflects the raw numbers in current dollars
unadjusted for inflation.
Real GDP adjusts the numbers by fixing the currency value,
thus eliminating any distortion caused by inflation or deflation.
11.
12. Net National Production (NNP)
• Net national product (NNP) is gross national product (GNP), the total value
of finished goods and services produced by a country's citizens overseas and
domestically, minus depreciation.
• Gross Domestic Product (GDP) is the most popular method to measure
national income and economic prosperity, although NNP is prominently
used in environmental economics.
• NNP=MVFG+MVFS−Depreciation
• where:
• MVFG=market value of finished goods
• MVFS=market value of finished services
13. National Income (NI)
• The national income (NI) is an aggregate value of the total production
of goods and services by a nation’s residents pertaining to a particular
accounting year.
• It facilitates standard of living comparisons between different nations.
When we divide NI by a country’s total population, we get residents’
per capita income.
• It is represented by the following formula:
National Income = Consumption + Government Expenditure
+ Investments + Net Exports + Foreign Production by Nation’s
Residents
– Domestic Production of the Country’s Non Residents
14. Saving and Investment
• Saving involves income that is not consumed. Typically surplus income is saved in
a bank account. But, it could be saved as cash (cash under the bed e.t.c)
• Levels of savings are influenced by
• Interest rates – higher interest rates make it more attractive to save
• Confidence – low confidence can encourage households to save more
Investment
• an addition to the capital stock. For example, investment can involve spending on
factories or new capital. Investment can also involve spending on human capital
such as investment in training and education.
15. • Levels of investment are affected by
• Interest rates – higher interest rates make investment more expensive
(cost of borrowing goes up)
• Confidence – if firms are confident, they are more willing to invest.
• Economic growth – An increase in the rate of economic growth will
encourage firms to invest to meet future demand.
• Saving = investment