Abstract
In the last chapter we erected a consistent set of definitions which provided us with a conceptual scheme in terms of which we can (and shall) describe economic behaviour. How do we measure the concepts we have defined ? The easiest way of answering this question is to construct, and work through, a simple example.
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Suggested Reading
R. Marris,†Economic Arithmetic (Macmillan, 1958) ch. iii.
J. R. Hicks,†The Social Framework (Oxford, 1971).
H. C. Edey and A. T. Peacock,†National Income and Social Accounting (Hutchinson, 1969).
E. Devons, An Introduction to British Economic Statistics (Cambridge, 1958)chs.i,ix.
C.S.O., National Accounts Statistics: Sources and Methods (H.M.S.O., 1968).
W. A. H. Godley and C. Gillon, ‘Measuring National Product’, NI.E.S.R. Review no. 27 (1964).
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© 1974 D. C. Rowan
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Rowan, D.C. (1974). National Income and National Product. In: Output, Inflation and Growth. Palgrave, London. https://doi.org/10.1007/978-1-349-86173-6_4
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DOI: https://doi.org/10.1007/978-1-349-86173-6_4
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-16629-1
Online ISBN: 978-1-349-86173-6
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