- Título Behavioral Economic Measurement Consumer Psychology : Johnny Ch Lok
- Autor Johnny Ch Lok
- Idioma English
- Editorial Independently Published
- Formato Papel
- Cubierta Blanda
- ISBN 9781710733150
- Número de páginas 400
The national income accounting measurement is one good method to help any development countries to research whether what issues are their weaknesses or strengths is order to improve their economic development challenge. The central concept in national accounting is to measure the total output of products or services of the countrys economy over a given time period.The measure is known or gross domestic product (GDP). Output is produced by employing various factors of production ( mainly labor and capital), and the revenue from sale of output of used to make payments to these factors of production. The value of output is identified, to the value of income paidout, or what is known as national income. Since the output produced is sold ( or added to stocks), the value of output is also equal to the value of expenditure.Hence, GDP can be regarded as the value of output produced ( aggregate supply), the total value of expenditure on output ( aggregate demand) or the total value of income in producing the output (real income). So, any developing countries can find whether how much or amout different industries value of output produced from and the real aggregate demand from consumers for different industries products sale number or services demand in order find whether what factors cause the kind of industrys total GDP product sale number and real income reduction amount. For example, last year, the developing countrys cloth industry sale number has 600,000 pieces and real GDP income has US$5 million. But, this year, its cloth industry sale number has 400,000 pieces and real GDP income has US$ 2 million. Hence, the developing countries can know its current year overall cloth industry sale number and GDP real income must reduce. Then, this country can attempt to find any factors had influenced itself cloth industry why this country itself cloth buyers number and their wearing demand has reduced. the reasons may include overall cloths price is exceed the normal price level or too high to compare its other foreign cloth sellers ( overall local cloths price is exceed foreign cloth sellers price extremely, or overall cloth fashion is not update or not attractive or quality is poor, or import cloth material producing price is too high to cause overall cloth sellers cloth sale prices are needed to rise in order to earn balance profit or avoid reducing profit, or this developing countrys cloth sellers loyalties or brands are not famous to influence overall local cloth buyers know to choose to buy in itself country. Hence, this developing country can attempt to apply macroeconomic behavioral method to find whether what it/are the main factor(s) to cause its overall cloth industrys real GDP income and sale number is influenced to fall down suddenly in this year.This macroeconomic country income measurement method can also measure why or what factors cause its any industries overall supply and demand imbalance problem existence or cause.
Medidas: 203 x 254 x 26mm
Cubierta: Tapa blanda
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