8 THE DATA OF MACROECONOMICS. Copyright © 2004 South-Western 23 Measuring a Nations Income.
Measuring a Nation’s Income. JOIN KHALID AZIZ u ECONOMICS OF ICMAP, ICAP, MA-ECONOMICS, B.COM. u FINANCIAL ACCOUNTING OF ICMAP STAGE 1,3,4 ICAP MODULE.
III THE DATA OF MACROECONOMICS. 5 Measuring a Nation’s Income.
Social Class in the United States. What is Social Class? Property –Distinction Between Wealth and Income –Distribution of Property –Distribution of Income.
SOCIAL ISSUES IN BRAZIL Steve Blackmon Rhoumer Dumapat Aswin Gunasekar Adrian Harb Amrin Malik Sarah Victor.
1980’s. Status symbols such as yachts, expensive watches, and luxury cars became important The economy went from recession to booming in 1983 Period.
Macroeconomics SS 2008. Thomson, South-Western International Student Edition ISBN 0-324-20307-1 4 th edition to be published soon.
MEASURING A NATIONS INCOME. Microeconomics Microeconomics is the study of how individual households and firms make decisions and how they interact.
Chapter 8 Social Class in the United States. What is Social Class? Property –Distinction Between Wealth and Income –Distribution of Property –Distribution.
Copyright © 2004 South-Western Mods 2, 10-11, 37-40 Intro to Macro, Measuring a Nation’s Income.
0 A thinker to get us started… What is inflation? A problem with GDP: Every year, inflation causes prices of goods & services to rise, so GDP rises.