Slide 1© 2005 Thomson C hapter 20 Gross Domestic Product Accounting Slide 2 © 2005 Thomson 2 Gottheil - Principles of Economics, 4e Economic Principles The circular flow…

Slide 1 AGGREGATE DEMAND ECONOMICS – A COURSE COMPANION Bleak & Dorton, 2007, p169-177 Slide 2 Introduction to Aggregate Demand If you are confident in your understanding…

Slide 1 Slide 2 The Great Depression Mystery Slide 3  Demand for durable goods wear out and prices fall. Normally some people begin to buy again and the economy will begin…

Measuring Domestic Output, and National Income National income accounts enable us to: Measure the economy’s overall performance by measuring the flows of income and expenditures…

Measuring Domestic Output, and National Income National income accounts enable us to: Measure the economy’s overall performance by measuring the flows of income and expenditures…

Chapter 6 Measuring Domestic Output and National Income National Income Accounting This measures the economyâs performance by measuring the flows of income and expenditures…