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Documents FINAL REVIEW AP MACROECONOMICS. Unit One: Intro to Economics Graphs: PPC, Circular Flow Big...

Slide 1FINAL REVIEW AP MACROECONOMICS Slide 2 Unit One: Intro to Economics Graphs: PPC, Circular Flow Big Concepts: Comparative and Absolute Advantage, Circular Flow of Economic…

Education The CPI Market Basket

PowerPoint Presentation The Consumer Price Index The Consumer Price Index, CPI, is a basket of goods and services purchased by the typical urban consumer. The CPI measures…

Documents SSEMA 1, 2.3. What is Macroeconomics? The study of the performance of our economy as a whole.

Slide 1 SSEMA 1, 2.3 Slide 2 What is Macroeconomics? The study of the performance of our economy as a whole Slide 3 Key Economic Indicators This information gives an idea…

Documents NOMINAL GDP v. REAL GDP

NOMINAL GDP v. REAL GDP DEFINITIONS Nominal GDP is the market value of all final goods and services produced in a given year. It is calculated as (Price X Quantity = Nominal…