8 AM – May 17 th, 2012 AP Macroeconomics Test Review RMCE/HWRHS.
Chap11pp
AP Macro Review Fun with formulas!. Unemployment EMPLOYED8000 UNEMPLOYED1000 NOT IN THE LABOR FORCE (16 -64) 500 According to the chart above, 1.What.
Output and Expenditure in the Short Run Aggregate expenditure (AE) The total amount of spending on the economy’s output: Aggregate Expenditure Consumption.
Gross domestic product (GDP) The market value of all final goods and services produced in a country during a period of time, typically one year. GDP Is.
Output and Expenditure in the Short Run
Gross domestic product ( GDP ) The market value of all final goods and services produced in a country during a period of time, typically one year.
