Macro Accounting

Categories: Accounting

Macro accounting is accounting...macro-style. It's accounting on a national level...accounting for a nation’s accounts. All that data on a country’s economic performance, like GDP, imports and exports, debt, inflation, yada yada...are all included under the macro accounting umbrella.

Who does macro accounting in the U.S.? Lots of agencies do different parts. The Fed, the Bureau of Economic Analysis in the Department of Commerce, and the Office of Management and Budget all do macro accounting, in addition to other agencies.

Macro accounting informs fiscal and monetary policy, just like how your bank balance informs your spending decisions. To buy or not to buy that book on how to destroy someone else’s life? Is that irresponsible? We’re talking fiscally responsible here.

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out of coconuts And your wallet Yeah that thing with

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that stack of cash you brought for vacation Well capital

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outflow in a nutshell Well in a coconut shell anyway

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Riel life capital outflow refers to the same concept but

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only on a national level That is assets move out

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of the country They flow out Investors pull their money

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out of one place because they think their cash will

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be better off somewhere else You're an investor in a

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throne So yeah you're sure the new king's policies will

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ruin the country's economy and run everything businesswise into the

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ground So you closed down your Su Mak farm and

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you buy another one in a neighbouring country with a

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more stable future in a way smarter Qing Capital Outflow

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out of Slovenia and into its neighbour That's what's happening

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Well Capital outflow doesn't just involve foreigners moving money from

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one overseas investment to another Citizens of a country might

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move assets out of that nation if they think they'LL

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be safer somewhere else So let's go to China It's

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a country with a restrictive government and not a huge

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respect for the rule of law for its individuals Like

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if you're a rich person in China well you'LL want

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to get as much of your money out is you

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can most likely anyway move it somewhere else somewhere safer

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somewhere less scrutinizing So you take what cash you can

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and you look for investments elsewhere outside of the restrictive

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rules of China So you buy an apartment in Paris

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and maybe a small castle with little golf course in

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Scotland and then you come back around and buy a

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cotton candy factory with corn in Iowa Or maybe you

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start looking at ASU Mac Farm along the Mediterranean Yeah 00:02:09.365 --> [endTime] just not inched Slovenia

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