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Fridays Academy

Fridays Academy: Economic Growth and Poverty

Ignacio Hernandez's picture

From Raj Nallari and Breda Griffith's lecture notes. This and upcoming Fridays we will analyze the interrelationships between economic growth, poverty and inequality. In recent years there has been a lot of discussion on pro-poor growth, which is essentially an attempt to examine the degree to which economic growth benefits the poor. This topic will also be examined.


Economic Growth and Poverty Reduction

Fridays Academy: Determining GDP

Ignacio Hernandez's picture

As every Friday, we are posting a teaching note prepared by Raj Nallari and Breda Griffith.


This week we continue looking at National Income Accounts. The note explains three different approaches for determining the GDP:

  • The Production Approach to Measuring GDP

  • The Expenditure Approach to Measuring GDP
  • The Income Approach to Measuring GDP

The note also explains the difference between Nominal and Real GDP.