Please enable JavaScript.

Coggle requires JavaScript to display documents.

GLOBAL ECONOMICS (LINKING IMPORTANT NATIONAL ECONOMIC AGGREGATES IN OPEN…

- - - - GNE: GROSS NATIONAL EXPENDITURE: TOTAL EXPENDITURE ON FINAL GOODS AND SERVICES BY HOME CONSUMERS, BUSINESSES, GOV. IN ANY GIVEN PERIOD: SUM OF THREE VARIABLES: PERSONAL CONSUMPTION C , INVESTMENT I , GOV. SPENDING G
        : EXPENDITURE MEASURE
      - GDP: VALUE OF ALL INTERMEDIATE AND FINAL GOODS AND SERVICES PRODUCED AS INPUTS BY HOME FIRMS: "VALUE ADDED": PRODUCT MEASURE
      - GNI: TOTAL INCOME OF AN ECONOMY
    - - TRADE BALANCE: DIFFERENCE BETWEEN PAYMENTS MADE FOR IMPORTS AND PAYMENTS RECEIVED FOR EXPORTS (TB) * GNE + TB = GDP (TOTAL VALUE OF PRODUCTION IN THE HOME ECONOMY)
      - NFIA (NET FACTOR INCOME FROM ABROAD): THE VALUE OF FACTOR SERVICE EXPORTS MINUS FACTOR SERVICE IMPORTS * GDP + NFIA = GNI
      - NUT (NET UNILATERAL TRANSFERS): THE VALUE OF UNILATERAL TRANSFERS THE COUNTRY RECEIVES FROM THE REST OF THE WORLD - THOSE IT GIVES TO THE REST OF THE WORLD ( ADDED TO GNI TO CALCULATE GNDI): GROSS NATIONAL DISPOSABLE INCOME
      - CURRENT ACCOUNT (CA): TRADE BALANCE, NET FACTOR INCOME FROM ABROAD, NET UNILATERAL TRANSFERS SUM
      - FINANCIAL ACCOUNT: VALUE OF ASSET EXPORTS - ASSET IMPORTS
      - KA (CAPITAL ACCOUNT): VALUE OF CAPITAL TRANSFERS FROM THE REST OF THE WORLD TO HOME MINUS THOSE FROM HOME TO THE REST OF THE WORLD