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Understanding National Accounts

image of Understanding National Accounts

This manual explains what GDP and GNI and their components are and what they mean. It shows how they are used and what they are used for. And it does this in an easily understood way. Opening with a chapter showing how national accounts concepts relate to macroeconomics, the books goes on to systematically deal with volume and prices, international comparability, production, final uses, household accounts, business accounts, government accounts, and financial accounts. It also has chapter on how national accounts data are gathered and the history of the national accounts system. Three special chapters examine national accounts in China, India, and the United States. Previously published only in French, this manual has been revised and expanded to have a truly global perspective. 

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India's national accounts

With a population of more than 1 billion, India is the second-largest country in the world, and because of a higher growth rate, its population is expected to surpass that of China in the near future. However, as Figure 1 in Chapter 13 shows, despite a comparable population, India’s GDP is less than half that of China. The latest World Bank estimates rank India’s GDP (based on Purchasing Power Parities, or PPP) in fourth position – between that of Japan and Germany.

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