IE&IFS: Concepts and Practice · Part B: Economic Concepts Related to Banking

Chapter 11: National accounts and GDP

How a country counts what it produces, earns and spends, what GDP leaves out, and how to read India’s latest estimates.

Open Chapter 11 in the e-book The book and its prices

Buyers of the e-book, or of the print copy, which includes it, read the whole chapter. Everyone can read the free sample, pages 1 to 24 of the e-book.

In this chapter

11.1What GDP countsp. 143
11.2From GDP to national incomep. 144
11.3Three ways to measure, one totalp. 145
11.4Nominal, real and the deflatorp. 146
11.5India’s estimates and their limitsp. 147
Exam traps and quick checksp. 148
Practice: 16 questions in three roundsp. 149
Answers, with every wrong option explainedp. 151
Make it stickp. 153
Chapter 11 on one pagep. 154

Corrections and updates

None for this chapter so far. Every correction to the book, and any rule that changes after its date, is listed on the errata page.