Measuring Economic Activity Measuring National Income National Income= Total Income of an Economy= Total Output Most common measure is GDP…
GDP
Nation’s Income IMBA Managerial Economics Macroeconomics I.
AP Exam Review AP Macroeconomics MR. GRAHAM. 2 Unit 2: Measurement of Economic Performance (12-16%) Unit 2: Measurement of Economic Performance (12-16%)
AMBA MACROECONOMICS I LECTURER: JACK WU Macroeconomic Issues.
GDP How a nation’s wealth is measured…. GDP Gross Domestic Product, the total dollar value of all final goods and services produced within a country during.
AP Macro Economics Review
How do we know if the economy is healthy? How do you think the health of the economy is related to your own opportunities?
Measuring Macroeconomics. Aggregate Output National income accounts An accounting system used to measure aggregate economic activity. The typical measure.
MACROECONOMICS The Business Cycle. HOW DOES MACRO DIFFER FROM MICRO? Read the introductory material on pages 211-212 and discuss the following with.
MACROECONOMICS The Business Cycle. KEY TERMS Macroeconomics Definition: Business Cycle Definition: Relationship The basic purpose of macro economics.
Gross Domestic Product Chapter 12, section 1 Objectives – Explain how gross domestic product (GDP) is calculated Explain the difference between nominal.
