Lecture 2 | National Income Accounting | GDP, Real , Nominal GDP | UPSC | Right Education
Автор: Right Education
Загружено: 2026-02-05
Просмотров: 33
Описание:
In this lecture, we begin National Income Accounting through a PYQ-based approach, focusing on the most important and frequently asked concepts in UPSC and State PSC exams.
This session explains:
What National Income Accounting actually means
GDP and its conceptual foundation
Difference between Nominal GDP and Real GDP
Meaning of Factor Cost and Market Price
Why these distinctions matter for exam questions
How UPSC frames PYQs from these concepts
This lecture builds directly on the basic structure of the economy (households, private sector, government, and external sector) and connects it to measurement of economic output.
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#IndianEconomics#EconomicsMindMap#UPSCEconomics#ConceptualEconomics
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