ch13 - Chapter 13 National and International Accounts...

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Chapter 13 National and International Accounts: Income, Expenditure, and the Balance of Payments 1. Measuring Macroeconomic Activity: An Overview The flow of payments in a closed economy: Introducing the national income and product accounts The flow of payments in an open economy: Incorporating the balance of payments accounts 2. National Accounts: Product, Expenditure, and Income Three Approaches 1. From GNE to GDP: Accounting for Trade in Goods and Services 2. From GDP to GNI: Accounting for Trade in Factor Services 3. From GNI to GNDI: Accounting for Transfers of Income What the National Economic Aggregates Tell Us Understanding the Data for the National Economic Aggregates 3. Balance of Payment Accounts: International Transactions Accounting for Asset Transactions 1. The Financial Account 2. The Capital Account How the Balance of Payments Accounts Work 1. Examples: The Double-Entry Principle at Work Understanding the Data for the Balance of Payments Account
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ch13 - Chapter 13 National and International Accounts...

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