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12 inflation
- 1. Inflation
- 27. Year Nominal GDP Real GDP GDP Deflator Base: 1991=1 2001 (30 x 10000) + (900 x 400) + (1500 x 50) = 735,000 (30 x 10000) + (900 x 400) + (1500 x 50) = 735,000 1 2009 (65 x 12000) + (1200 x 500) + (3000 x 75) = 1605,000 (30 x 12000) + (900 x 500) + (1500 x 75) = 922,500 1.739
- 29. Unemployment Some concepts
- 38. Types of Inflation Some classifications
- 52. Demand Pull Inflation Y 0 S D 2 D 1 D 0 S P 0 P 1 P 2 Real Income Price level
- 55. Y 0 Y 1 Y 2 S 0 S 1 P 0 P 1 D 0 D 1 D 2 S
- 58. How an inflationary gap will arise in a war economy Money income of the community Rs. 1,000 cr Taxes Rs. 100 cr Disposable Income Rs. 900 cr GNP at pre-inflationary prices Rs. 1,100 cr War Expenditure Rs. 300 cr NNP available for civilian consumption Rs. 800 cr The inflationary gap Rs. 100 cr
- 59. Inflationary Gap Y 0 Y 1 E 0 E 1 G C+I C’+I’ C = Y Consumption, IG O
- 65. Measures to Control Inflation