Ch 21
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Macroeconomics James B. Wilcox RESOURCES PROVIDED BY: THE UNIVERSITY OF SOUTHERN MISSISSIPPI CENTER FOR ECONOMIC AND ENTREPRENEURSHIP EDUCATION, MISSISSIPPI.
© 2010 Pearson Addison-Wesley. Gross Domestic Product GDP Defined GDP or gross domestic product is the market value of all final goods and services.
Measuring GDP and Economic Growth CHAPTER 21. After studying this chapter you will be able to Define GDP and use the circular flow model to explain why.
The Political Economy. The Economy It is not a monolithic institution – it is a collection of billions of individual choices based on peoples incentives.
Copyright © 2012 Pearson Addison-Wesley. All rights reserved. Chapter 2 Measuring Macroeconomic Data.
Principles Of Macroeconomics National Income Accounting GDP The Expenditure Approach The Income Approach.
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