'Base year prices' diaporamas de présentation

Ch. 5 : MEASURING GDP AND ECONOMIC GROWTH

Ch. 5 : MEASURING GDP AND ECONOMIC GROWTH. Define GDP Circular flow model Relationship between aggregate expenditure and aggregate income. Measurement of real GDP and the GDP deflator Real GDP as a measure of economic growth and the limitations of our measure. Gross Domestic Product.

608 views • 45 slides

GDP: Measuring Total Production and Income

GDP: Measuring Total Production and Income. Increases in GDP Spur Hiring at Freightliner. 1. 2. 3. 4. After studying this chapter, you should be able to: Explain how total production is measured. Discuss whether GDP is a good measure of economic well-being.

576 views • 29 slides

Ch. 5 : MEASURING GDP AND ECONOMIC GROWTH

Ch. 5 : MEASURING GDP AND ECONOMIC GROWTH. Define GDP Circular flow model Relationship between aggregate expenditure and aggregate income. Measurement of real GDP and the GDP deflator Real GDP as a measure of economic growth and the limitations of our measure. Gross Domestic Product.

486 views • 23 slides

Nominal GDP Vs Real GDP

349 views • 15 slides

Nominal GDP

Nominal GDP GDP measured in terms of the price level at the time of measurement (unadjusted for inflation) Real GDP Nominal GDP adjusted for inflation.

135 views • 11 slides