PART 2 MONITORING THE MACROECONOMY GDP and the Standard of Living CHAPTER 5.
GDP and the Standard of Living CHAPTER 14 C H A P T E R C H E C K L I S T When you have completed your study of this chapter, you will be able to 1 Define.
CS4026 Formal Models of Computation Part II The Logic Model Lecture 1 – Programming in Logic.
0 Leader: GDP Economics: GDP as an Economic Indicator Why GDP and not GNP? What is Gross Domestic Product (GDP)? How is GDP related to a nations total.
Capital Markets Chapter 24. Nominal and Real Interest Rates Nominal return represents how much money you will receive after 1 year for giving up 1 dollar.
The Measurement of Income and Prices Lecture notes 2 Instructor: MELTEM INCE.
MEASURING A NATIONS INCOME 0 Micro vs. Macro Microeconomics: The study of how individual households and firms make decisions, interact with one another.
Principles Of Macroeconomics National Income Accounting GDP The Expenditure Approach The Income Approach.
8 THE DATA OF MACROECONOMICS. Copyright © 2004 South-Western 23 Measuring a Nations Income.
Measuring a Nation’s Income. JOIN KHALID AZIZ u ECONOMICS OF ICMAP, ICAP, MA-ECONOMICS, B.COM. u FINANCIAL ACCOUNTING OF ICMAP STAGE 1,3,4 ICAP MODULE.
Price Q Supply Demand Q e P e Supply and Demand graphs- The Basics The purpose of this graph is to look at markets. Free Market Price and Quantity.
Copyright © 2004 South-Western 13 Saving, Investment, and the Financial System.