Economic Growth (GDP) With Mrs. Eskra. OBJECTIVES: WHAT WILL YOU LEARN? – What GDP is and what it measures. – The two approaches to calculating GDP Income.
Homework Read chapter 11. Define the following terms. ◦ GDP ◦ Real GDP ◦ Nominal GDP ◦ GDP per capita ◦ GNP ◦ Intermediate goods ◦ What relationship exists.
ECONOMIC MEASURES In order to ensure that our economic goals of full employment, stable prices and economic growth are met, our government constantly takes.
