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SOCIAL ACCOUNTING AND GLOBAL TRADE (Global or International Trade (Reasons…
SOCIAL ACCOUNTING AND GLOBAL TRADE
Standard of Living
Indicators of a country's standard of living
Average disposable income of the population
Level of national ownership of capital equipment
Access to modern technology
Level of investment in research and technology
Level of consumption of goods and services
Quality of Life
Indicators of a country's quality of life
Availability of health, educational and recreational facilities
Diet and nutrition
Infant mortality rate
Access to public utilities
Level of security and crime
National Income
Variants of national income
Gross domestic product (GDP)
Gross national product (GNP)
Net national product (NNP)
Per capita income
Calculation of national income
Value added method
Income method
Expenditure method
Economic Growth and Development
Economic growth
Economic development
Role of education in economic growth and development
Global or International Trade
Reasons for international trade
Difference in resources
Difference in capital and technology
Difference in climatic conditions
Difference in demand
Comparative advantage
Globalisation
Advantages of globalisation
Disadvantages of globalisation
Balance of Payments
Current account
Capital account
Official financial account
Measures to Address Problems in a Country's Balance of Payments
Internal measures to address problems in a country's balance of payments
Tariffs
Quotas
Import licences
Exchange control
Devaluation
External measures to address problems in a country's balance of payments
Borrowing from other countries
Borrowing from the IMF or other financial institutions
Accepting gifts from other countries
Importing on credit