This second edition of Understanding National Accounts, that provides a comprehensive
explanation of how national accounts are compiled, contains new data and new chapters,
and is adapted to the new systems of national accounts, SNA 2008 and ESA 2010, that
came into effect in September 2014. It approaches national accounts from a truly global
perspective, with special chapters dedicated to international comparisons, globalisation
and well-being as well as to the national systems used in major OECD economies, such
as the United States.Each chapter of the manual uses practical examples to explain
key concepts in national accounts in a clear and accessible way. And, each chapter
concludes with a synthesis of key points covered in the chapter, followed by resources
for further exploring the topic, and by a set of exercises to test your knowledge.
It is an ideal guide to national accounts for students and other interested readers.
What does the Gross Domestic Product measure? What is “volume/price breakdown” used for? Are public hospitals recorded inside the general government sector? Do you think that you know everything about National Accounts?