Measuring Inflation Measuring Inflation Warning: May not be suitable for SL students { How to measure Inflation? We know that inflation is a continuing increase in the general…
Slide 1 GROUP WORK, but everybody records answers on individual sheets! INFLATION ON COCO ISLE Terms: INFLATION: A rise in price level (TOOOOOO MUCH MONEY chasing TOOOOOO…
1 Measuring Macroeconomic Activities 1. National Output(Q) or Income (Y) or Expenditure(E) 2. Price Levels(P) or Inflation (П) 3. Unemployment (U) and Poverty National Accounting(NA)…
Economic Rulers GDP, Deflator, CPI, Unemployment Rate Simple (Closed) Circular-Flow Diagram The Expanded Circular-Flow Diagram What is GDP? The total value of all final goods…