© 2011 Pearson Education. GDP: A Measure of Total Production and Income 20 When you have completed your study of this chapter, you will be able to 1 Define.
PART 2
How do we track the booms and busts of the business cycle?
PART 7 MONITORING THE MACROECONOMY GDP and the Standard of Living CHAPTER 20.
How do we track the booms and busts of the business cycle? How do we measure a nation’s production and income? How do we determine when a recession begins?
GDP and the Standard of Living
