Documents 0 Leader: GDP Economics: GDP as an Economic Indicator Why GDP and not GNP? What is Gross Domestic...

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?…

Documents SSEMA1, SSEMA2, SSEMA3- EOCT Review SSEMA1-A.The Components of GDP Recall: GDP is total spending. ....

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…

Documents 0 A thinker to get us started… What is inflation? A problem with GDP: Every year, inflation...

Slide 1 0 A thinker to get us started…  What is inflation?  A problem with GDP: Every year, inflation causes prices of goods & services to rise, so GDP rises…

Documents The Data of Macroeconomics

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…