Published on October 20, 2014
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.
|The essential macroeconomic aggregates|
|Distinguishing between volume and price increases|
|Production: What it includes and excludes|
|Defining final uses of GDP|
|The household account|
|The financial and balance sheet accounts|
|The general government account|
|The input-output table and integrated economic accounts|
|The national accounts machinery: Compilation and reporting|
|The national income and product accounts of the United States|
|The 2007-2009 financial crisis and recession: Reflections in the national accounts|
|International systems of national accounts: Past and future|
|GDP as a welfare metric: The beyond GDP agenda|
|National accounts in a globalising world|
Exercises and solutions11 chapters available
Take the quiz!
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?
The Quiz is based on this second edition of “Understanding National Accounts” and is organised following the same structure. Good luck!