Slide 10 Leader: GDP Economics: GDP as an Economic Indicator Why GDP and not GNP? What is Gross Domestic Product (GDP)? How is GDP related to a nations total income and spending?…

Slide 1MEASURING A NATIONS INCOME 0 Micro vs. Macro Microeconomics: The study of how individual households and firms make decisions, interact with one another in markets.…

Slide 1 Slide 2 SSEMA1, SSEMA2, SSEMA3- EOCT Review Slide 3 SSEMA1-A.The Components of GDP  Recall: GDP is total spending.  Four components: Consumption ( C ) Investment…

SSEMA1, SSEMA2, SSEMA3-EOCT Review SSEMA1-A.The Components of GDP Recall: GDP is total spending. Four components: Consumption (C) Investment (I) Government Purchases (G)…

Measuring a Nation’s Income In this chapter, look for the answers to these questions: · What is Gross Domestic Product (GDP)? · How is GDP related to a nation’s total…