Macroeconomics

Quantity Theory of Money: Its Explanation

Macroeconomics

by TopicBin - Oct 11, 2021Aug 27, 2022 02567

The purpose of this article is to make you known the different versions of quantity theory of money along with underlying assumptions and flaws. Italian economist Davanzatti developed the quantity theory of money, and American economist Irving Fisher popularized it after his influential book "The

National Income Accounting: Methods and Problems

Macroeconomics

by TopicBin - Apr 19, 2020Apr 28, 2020 04234

In this article, we will try to explain the concept of national income accounting, methods of measuring national income and the problems associated with the measurement of national income. Before reading this article, we recommend to read and understand about the important concept of gross

Gross Domestic Product and GDP Growth Rate

Macroeconomics

by TopicBin - Dec 22, 2018Apr 19, 2020 02123

This article intends to describe the meaning of Gross Domestic Product (GDP), illustration of GDP with hypothetical example, and GDP growth rate in very simple term so that any starter of macroeconomics could understand it clearly. If you are new to macroeconomics and want to

Say’s Law of Market

Macroeconomics

by TopicBin - Dec 18, 2018Apr 19, 2020 02088

Say's law of market is a very famous classical theory of employment. It is said that Say's law of market and the quantity theory of money are the two building blocks of complete classical theory of income determination. Say's law of market explains the supply

Quantity Theory of Money: Its Explanation

National Income Accounting: Methods and Problems

Gross Domestic Product and GDP Growth Rate

Say’s Law of Market

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