“CUET Economics Notes by Artham Resources: Chapter 1 – National Income and Related Aggregates. Explores the measurement and analysis of a nation’s economic performance, including GDP, GNP, and national income accounting.”
Content of Chapter 1 – National Income and Related Aggregates:
- Introduction to National Income Accounting
- Concepts of Gross Domestic Product (GDP) and Gross National Product (GNP)
- Methods of Calculating GDP: Expenditure, Income, and Value-Added Approaches
- Components of GDP: Consumption, Investment, Government Spending, and Net Exports
- Nominal vs. Real GDP: Adjusting for Inflation
- Limitations of GDP as an Economic Indicator
- Other Economic Aggregates: Net National Product (NNP), National Disposable Income, and Per Capita Income
Harish Babu –
These notes are a great tool for both teaching and board exam prep. Clear explanations, examples, and summaries make learning enjoyable.