Slide 1MACRO ECONOMICS 1 Slide 2 Macroeconomics is the study of the large economy as a whole. It is the study of the big picture. Instead of analyzing one consumer, we analyze…

Slide 1Click on the button to go to the problem Slide 2 © 2011 Pearson Education GDP: A Measure of Total Production and Income 5 CHECKPOINTS Slide 3 Click on the button…

1.Make It Multiply! Created by Jimmy Dodson2. If Amy had 3 cats and each one had 4legs, how could we find how manylegs all the cats had? 3. =4 legs =4 legs =4 legs =12 legs…

Slide 1 © 2009 Pearson Education Canada 3/1 Chapter 3 Demand Theory Slide 2 © 2009 Pearson Education Canada 3/2 The Budget Constraint  Attainable consumption bundles…

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Nominal GDP For 2013 GDP we use prices paid in 2013 . real GDP For 2013 real GDP we use prices paid in base year. Price index A number that represents all prices for a given…