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1. GDP 2. IntroductionMicroeconomics is the study of how individualhouseholds and firms make decisions and how theyinteract with one another in markets.Macroeconomics is…

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Chapter 2: Data of Macroeconomics Prof. Chris Foote Harvard University Department of Economics Feb. 1, 2008 Foote (Ec 1010b) Data Feb. 1, 2008 1 / 41 Outline 1 The Value…

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Gross Domestic Product What is gross domestic product (GDP)? How is GDP calculated? What is the difference between nominal and real GDP? What are the limitations of GDP measurements?…

Documents The Realm of Macroeconomics Where the telescope ends, the microscope begins. Which of the two has...

The Realm of Macroeconomics Where the telescope ends, the microscope begins. Which of the two has the grander view? VICTOR HUGO Drawing a Line Between Macro and Microeconomics…

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10 Measuring a Nationâs Income Measuring a Nationâs Income Microeconomics Microeconomics is the study of how individual households and firms make decisions and how they…

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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…

Documents DOES ECONOMIC OUTPUT = QUALITY OF LIFE? CH. 12 & CH. 13 REVIEW Mrs. Post Adapted from Prentice Hall....

DOES ECONOMIC OUTPUT = QUALITY OF LIFE? CH. 12 & CH. 13 REVIEW Mrs. Post Adapted from Prentice Hall Presentation Software CHAPTER 12 S 1: GROSS DOMESTIC PRODUCT Gross…

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Slide 1 Macroeconomics Review Macroeconomic Concepts SSEMA1 The student will illustrate the means by which economic activity is measured. a. Explain that overall levels of…

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Macroeconomic Performance Macroeconomic Performance S GDP: National Output Macroeconomics is the part of economics that deals with the economy as a whole and uses aggregate…