Expenditure method - PowerPoint PPT Presentation

Economics 12

Economics 12. Ch. 9 Ms. Park. Next Presenters. Karen Lintao. Reveiw. What are three methods of calculating GDP?. Review. GDP is the market value of _____ goods and services produced in a country during a given period. Final goods vs. Intermediate goods.

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Economics 12 Ch. 9

Economics 12 Ch. 9. Ms. Park. Next Presenters. Quasim &amp; George. Review. What are three types of method for calculating GDP?. Expenditure method. GDP is a measure of the quantity of goods and services PRODUCED by an economy. Production Method

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Change in Quantity demanded Movement along the curve Result of a change in the price

Change in Quantity demanded Movement along the curve Result of a change in the price Other factors remain constant. Change in Demand A shift in the curve Price remains constant One of the underlying factors change. D 2. D 1. A. $7. B. $5. 10. 18. 10. 15. Equilibrium Price -.

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