National Income and Wealth
Economics · 5th Year · Macroeconomic Indicators · 5.º Período

National Income and Wealth

Introduction to the measurement of national income, including GDP, GNP, and GNI, with a specific focus on the Irish context.

NCCA Curriculum SpecificationsNCCA Economics LO 4.1NCCA Economics LO 4.2

About This Topic

Introduction to the measurement of national income, including GDP, GNP, and GNI, with a specific focus on the Irish context.

Key Questions

  1. How is national income measured?
  2. Why is GNI often a better indicator for Ireland than GDP?
  3. What is the circular flow of income?

More in Macroeconomic Indicators

Inflation and the Cost of Living

Analysis of the causes and consequences of inflation, and how it is measured using the Consumer Price Index (CPI).

2 methodologies

Employment and Unemployment

Students examine the labour market, the different types of unemployment, and the economic and social costs associated with joblessness.

2 methodologies