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FRQ Topics
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FRQ Topics. Chapters 7 and 8 Multiple choice Thursday FRQs Friday. GDP : What is included/excluded ? EXPLAIN Who is hurt/helped by unanticipated inflation? Why/ Types of unemployment/examples
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FRQ Topics
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FRQ Topics Chapters 7 and 8 Multiple choice Thursday FRQs Friday
GDP : What is included/excluded ? EXPLAIN • Who is hurt/helped by unanticipated inflation? Why/ • Types of unemployment/examples • Formulas : current GDP>real GDP; rule of 70 as applied to price level and GDP growth; calculate inflation rate • Nominal v. real : GDP and income 2/3 choice, 1 required for all, 1 bonus(7pts)
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