"Business Economics" Lecture no. 09 (Theories of Macro…
Lecture no. 09
World Best Milk
It is the study of national or global economy as a whole.
Per Capita Income
It is the average income of per person earned in a particular country.
PCI of Pakistan
According to economy survey of 2017 - 2018, the per capita income of Pakistan is $1,641 per anum.
Cost of Living Adjustment
Inflation is basically rise in prices. A more exact definition of inflation is a situation of sustained increase in the general price level in an economy.
Inflate - Rise
South Asian Association of Regional Countries
Economic Cooperation Organization
Value of Earth
Million = 1,000,000
Billion = 1,000,000,000
Trillion = 1,000,000,000,000
Quad Trillion = 1,000,000,000,000,000
Theories of Macro Economies
Theory # 01
Theory of Employment
John Maynard Keynes
Book: The General Theory of Employment, Interest and Money
Theory # 02
Theory of Inflation
Theory # 03
Theory of Money
Theory # 04
Theory of Regional
Human Development Index
It is the statistic composite index of life expectancy, education and per capita income indicators, which are use to rank countries in four tiers of human development.
Gross Domestic Product
It is the broadest quantitative measures of a nation's total economic activity.