Economics · Year 2 · Week 18
Calculation of 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
- Explain the uses and importance of National Income (E.g., standard of living)
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