Slide 1 Measuring the Macroeconomy Source:Text and Taylor and Moosa (2002) Chapters 21 & 6 Respectively Slide 2 Gross Domestic Product GDP is a measure of the value of…

Slide 1 Macro Chapter 9 An Introduction to Basic Macroeconomic Markets Slide 2 Slide 3 7 Learning Goals 1)List the four key markets in the macroeconomy. 2)Describe the relationship…

Slide 1 Circular Flow Slide 2 The Government’s Role Imperfect Information Externalities Public Goods Lack of Competition Business Cycles Correct for: Slide 3 Externalities…

Slide 1 1 Chapter 12: Consumption, Real GDP, and the Multiplier End of Chapter 10 1 ECON 151 – PRINCIPLES OF MACROECONOMICS Materials include content from Pearson Addison-Wesley…

Slide 1 1 National Income Accounting National Income and Product Accounts (NIPA) measure output and income in the U.S. Simon Kuznets led team that established and estimated…