1.1. Why isn’t it bad that the US has a deficit in its current account? 2. If the Chile exports $625 billion, and imports $610 billion, what does their current account…
1.National Income & Related Concepts2. National Income National income is the money value of all the final goods and services produced by a country during one year. 3.…
1.National Income & Related Concepts2. National Income National income is the money value of all the final goods and services produced by a country during one year. 3.…
1. 1. How are you on the demand side of the loanable funds market? 2. How are you the supply side of the loanable funds market? 3. Calculate the real interest rate if the…
Slide 1Measuring a Nation’s Income n The Economy’s Income & Expenditure n The Measurement of Gross Domestic Product (GDP) n The Components of GDP n Real versus Nominal…
Slide 1 2.1 GDP and its Determinants Unit Overview The Circular Flow Model of income Explain why the total income and total expenditures in an economy are the same Distinguish…
Unit 2 Macroeconomic Indicators GDP, CPI, unemployment rate Circular Flow Total Production What is the monthly production of this coffee shop? JANUARY FEBUARY # of coffees…