Gross Domestic Product
AP Macro Economics Review Peggy Pride, Presenter.
2011 Day 2 By: Aakriti, Gloria, Cynthia, Theresa.
Measuring Domestic Output & National Income
Chapter 12.1 A
Measuring a Nation’s Income n The Economy’s Income & Expenditure n The Measurement of Gross Domestic Product (GDP) n The Components of GDP n Real versus.
GDP THE MARKET VALUE OF ALL FINAL GOODS AND SERVICES PRODUCED WITHIN A NATION IN A GIVEN TIME.
Chapter 24 – Measuring Domestic Output and National Income.
Gross Domestic Product and Growth Chapter 12. Why Measure Growth? After the Great Depression, economists felt it was important to measure macroeconomic.
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.
Inflation
Bell work: Freyonomy Pay yourself and pay your Mon/Tues bills
