ASS C 05 NATIONAL INCOME ACCOUNTING

Chapter 5:

NATIONAL INCOME ACCOUNTING – Assignments

 

Assignments for Macroeconomics Chapter 5

Assignment #1:
Outline the major revenue sources and expenses of the Federal Government. Do the same for state and local governments.

Assignment #2:
Use the circular flow model to explain the two basic approaches and the various components of National Income Accounting.

Assignment #3:
Breakdown GNP into its components in both the expenditure and income approaches, and reconcile the two.

Assignment #4:
Present the effects of a positive and negative net investment on economic activity. Comment on the roles of changes in inventory and capital consumption allowance.

Assignment #5:
Why does GNP need to be adjusted, and how is it adjusted? How is a price index constructed and used?

 

 

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