GDP Simplified for Competitive Exams: Growth Rate, Deflator, MV=PY, GNP, NNP, Per Capita Income
Mrunal Patel Mrunal Patel
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 Published On Jun 6, 2017

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1) 👨‍🏫 Weekly live classes @night even Working Professional can attend
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3) 📑 500+ pages Rapid revision handouts, covering both Prelims & Mains, incl. Hindi translation for important terminologies. No need to purchase separate books / NCERTs.
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In this lecture, we'll learn the meaning and computation methods of gross domestic product (GDP), including 1) income method 2) Expenditure method 3) gross value added method- with their textbook formulas vs. real life formulas by central statistical office (CSO).

We'll also learn, the growth rate puzzles in the third and fourth quarters in 2016-17, after the demonetization vs. the theoretical foundations of MV=PY.

Misc: terms- Gross National Product (GNP), National National Product, per capita national income, Net Disposable Income
Plus, Gross Happiness Index by UN’s Sustainable Development Solutions Network (SDSN) and India's latest ranking in 2017.

- Faculty Name: You know who
- All Powerpoint available at http://mrunal.org/powerpoint
- Exam-Utility: UPSC IAS IPS Civil service exam, Prelims, CSAT, Mains, Staff selection SSC-CGL, IBPS-PO/MT, IBPS-CWE, SBI PO & Clerk, RBI and other banking exams; LIC, EPFO, FCI & other PSU exams; CDS, CAPF and other defense services exams; GPSC, MPPCS, RPSC & other State PCS services exams with Indian Economy, Budget, Banking, Public Finance in its syllabus- with descriptive questions and answer writing.

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