AP Macro Economics Review Peggy Pride, Presenter.
What is Inflation? Inflation is rising general level of prices Inflation reduces the purchasing power of money Examples: It takes $2 to buy what $1 bought.
Macroeconomic Measures The focus of this lecture is the macroeconomic measures. Students should understand the significance of Gross Domestic Product,
Inflation Chapter 2Unit 26 Business, Computers, & Information Technology.
You need: ◦ Pencils ◦ Pen (blue or black only) ◦ Personal ID You can not have: ◦ Phones ◦ Calculators.
Economic measures1 (1)
Module The Measurement and Calculation of Inflation KRUGMAN'S MACROECONOMICS for AP* 15 Margaret Ray and David Anderson.
SSEMA 1, 2.3. What is Macroeconomics? The study of the performance of our economy as a whole.
Unit 2-3: Macro Measures 1. What is Inflation? Inflation is rising general level of prices and it reduces the “purchasing power” of money Examples: It.
AP Macro Economics Review. Production Possibility Curve A C F B D E W Capital goods Consumer goods B2B2 D Capital goods Consumer goods D2D2 B.
Macroeconomic Measures
CALCULATING INFLATION: PRICE CHANGE, CPI, AND THE GDP DEFLATOR.
