Economics · Year 2 · Week 17

Introduction to National Income

Strand

Government Economic Policy, Money, Agriculture and Trade

Sub-strand

Macroeconomic Variables (GDP, Inflation, Unemployment, Exchange Rate)

Content standard

Demonstrate understanding of the measurements, uses and importance of National Income

Learning outcome

Determine the effects of changes in the fundamental macroeconomics variables on the economy and their control policies

Learning indicator

Calculate National Income by using any of the three approaches