Subject(s): Gross national product. -- Gross national product in United States. -- Economic : Growth, instability, positive and normative economics, circular flow of economic activities, macro and micro economics, tools for economic analysis, supply, demand, equilibrium -- national output and income : Gross national product and gross national income, valuation of output, major uses of GNP, gross national income, flow of gross national income to consumers, business and government, spending and gross national income, a family of income concepts, potential v/s actual GNP -- Determinants of gross national product : Aggregate demand, determinants of aggregate demand, how GNP is determined, gross business saving, government spending and taxation in equilibrium GNP, government fiscal policy, automatic stabilizers in economy -- Investment : Business purchases of plant and equipment, changes in business inventories (inventory investement0, residential construction -- Money, prices and inflation : General price level, price indexes, relative price and price level, price spiral, full employment and price stability -- Economic growth in US : Measuring potential GNP, sources of growth, policies to increase the rate of growth, growth and business cycles