20.02.2009 CHAPTER 7 Measuring Domestic Output, National Income and the Price Level SOME PROBLEMS 1. Avoidence of Multiple Counting -> all value-added (not final good) only final good (not value-added) 2. Exclusion of Non-Production Transactions A. Purely Financial Transactions (Finansal İşlemler-üretim yok) 1. Public Transfer Payments 2. Private Transfer Payments 3. Security Transactions (Bono, tahvil vs) B. Secondhand Sales (İkinci el satışlar) OTHER NATIONAL ACCOUNTS 1. Net Domestic Product (NDP) (Expendure Side) NDP = GDP - depreciation (Income Side) We do not add depreciation
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This note was uploaded on 01/01/2012 for the course MIS 132 taught by Professor Hasandag during the Spring '11 term at Kadir Has Üniversitesi.