Module Interpreting Real Gross Domestic Product KRUGMAN'S MACROECONOMICS for AP* 11 Margaret Ray and...

6
Module Interpreting Real Gross Domestic Product KRUGMAN'S MACROECONOMICS for AP* 11 Margaret Ray and David Anderson

Transcript of Module Interpreting Real Gross Domestic Product KRUGMAN'S MACROECONOMICS for AP* 11 Margaret Ray and...

Page 1: Module Interpreting Real Gross Domestic Product KRUGMAN'S MACROECONOMICS for AP* 11 Margaret Ray and David Anderson.

ModuleInterpretingReal GrossDomestic Product

KRUGMAN'SMACROECONOMICS for AP*

11

Margaret Ray and David Anderson

Page 2: Module Interpreting Real Gross Domestic Product KRUGMAN'S MACROECONOMICS for AP* 11 Margaret Ray and David Anderson.

What you will learnWhat you will learn

in thisin this ModuleModule::

• The difference between real GDP and nominal GDP

• Why real GDP is the appropriate measure of real economic activity

Page 3: Module Interpreting Real Gross Domestic Product KRUGMAN'S MACROECONOMICS for AP* 11 Margaret Ray and David Anderson.

What GDP Tells UsWhat GDP Tells Us

• Economic Size

• Comparison

Relative size of country indicates relative size of Gross Domestic Product

Page 4: Module Interpreting Real Gross Domestic Product KRUGMAN'S MACROECONOMICS for AP* 11 Margaret Ray and David Anderson.

• Inflation’s effect on GDP

• Aggregate Output

Real GDP: A Measure of Real GDP: A Measure of Aggergate OutputAggergate Output

Page 5: Module Interpreting Real Gross Domestic Product KRUGMAN'S MACROECONOMICS for AP* 11 Margaret Ray and David Anderson.

Calculating Real GDPCalculating Real GDP

Page 6: Module Interpreting Real Gross Domestic Product KRUGMAN'S MACROECONOMICS for AP* 11 Margaret Ray and David Anderson.

What Real GDP Doesn’t What Real GDP Doesn’t MeasureMeasure

• Real GDP v. GDP per capita

• Living Standards

• Limitations of Real GDP per capita


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Module The Production Possibilities Curve Model KRUGMAN'S MACROECONOMICS for AP* 3 Margaret Ray and David Anderson.

Module Growth Policy: Why Economic Growth Rates Differ KRUGMAN'S MACROECONOMICS for AP* 39 Margaret Ray and David Anderson.

Module Growth Policy: Why Economic Growth Rates Differ KRUGMAN'S MACROECONOMICS for AP* 39 Margaret Ray and David Anderson.

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KRUGMAN'S MACROECONOMICS for AP* 29 Margaret Ray and David Anderson Module The Market for Loanable Funds.

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Module Putting it All Together KRUGMAN'S MACROECONOMICS for AP* 45 Margaret Ray and David Anderson.

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Module Supply and Demand: Supply and Equilibrium KRUGMAN'S MACROECONOMICS for AP* 6 Margaret Ray and David Anderson.

Module Supply and Demand: Supply and Equilibrium KRUGMAN'S MACROECONOMICS for AP* 6 Margaret Ray and David Anderson.

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Module Supply and Demand: Changes in Equilibrium KRUGMAN'S MACROECONOMICS for AP* 7 Margaret Ray and David Anderson.

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Module Saving, Investment, and the Financial System KRUGMAN'S MACROECONOMICS for AP* 22 Margaret Ray and David Anderson.

Module Saving, Investment, and the Financial System KRUGMAN'S MACROECONOMICS for AP* 22 Margaret Ray and David Anderson.

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Module Economic Growth in Macroeconomic Models KRUGMAN'S MACROECONOMICS for AP* 40 Margaret Ray and David Anderson.

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KRUGMAN'S MICROECONOMICS for AP* Introduction to Oligopoly Margaret Ray and David Anderson Econ: 64 Module.

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