Economics

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What is meant by national income?

National income measures the monetary value of the flow of output of goods and services produced in an economy over a period of time.

Flaws in using GDP as a measure of living standards - Revision Video

Revision video: GDP and GDP per capita

Test your understanding of this topic with an exam question!

Money GDP and real GDP

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Boston House,
214 High Street,
Boston Spa,
West Yorkshire,
LS23 6AD

Tel: +44 0844 800 0085