1 / 5

Unit 2: Macroeconomics

Unit 2: Macroeconomics. I. Macroeconomics. A. Three Economic Goals 1. Economic Growth a. GDP (Gross Domestic Product) (3-4%) i . the market value of all final goods and services produced in an economy in one year ii. final goods/services that have

zena-boyd
Télécharger la présentation

Unit 2: Macroeconomics

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Unit 2: Macroeconomics

  2. I. Macroeconomics A. Three Economic Goals 1. Economic Growth a. GDP (Gross Domestic Product) (3-4%) i. the market value of all final goods and services produced in an economy in one year ii. final goods/services that have been purchased for final use, not for resale or further manufacture

  3. - cheeseburger, not the patty iii. Nominal GDP - output in current dollars iv. Read GDP - adjusted for inflation - better measurement for comparing output over time v. Four categories of goods/services - consumption (c) – spending by households (70% of GDP) - government (g) – spending by all levels of government

  4. - net exports (x-m) – spending by people abroad on U.S. goods and services (exports are x) minus spending by people in the U.S. on foreign goods and services (imports are m). - investment (i) – spending by businesses on machinery, factories, tools, and construction vi. C+I+G+ (X-M) = GDP

More Related