1. Lecture 2Growth TheoriesJuly 5th 2010Saksarun (Jay) Mativachranon 2. IntroPlease turn your mobile phones off or switch it to silent modeand please do not pick up your…

1. GDP Sector Status ReportBen Araya- Personal IncomeBrett Hart- GDPRob Kunces- Index of Leading IndicatorsBrad Neumyer- P & CNovember30, 2009 2. Personal IncomeIncomereceived…

Calculating GDP Nominal GDP, Real GDP, and the GDP Deflator There are two ways that GDP can increase: An increase in the PRICES of goods and services. An increase in the…

Slide 1 9 CHAPTER ECONOMIC GROWTH Slide 2 Objectives After studying this chapter, you will able to  Describe the long-term growth trends in the United States and other…

2-* Gross Domestic Product (GDP) Gross Domestic Product (GDP) is the total value of final goods and services produced in a country during a given period of time. It is a…

Understanding the Korean Miracle E. Young Song Sogang University Summer, 2011 * I. Some Facts Republic of Korea (South Korea) Area: 98,480 sq km slightly larger than Indiana,…

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Economic Performance Judging the Economy . . . . . . Indictators Leading Predict what the economy will do Coincident Current status of the economy Lagging After the fact,…

Economics Chapter 12 GDP and Growth What Is Gross Domestic Product? Economists monitor the macroeconomy using national income accounting, a system that collects statistics…

Homework Read chapter 11. Define the following terms. GDP Real GDP Nominal GDP GDP per capita GNP Intermediate goods What relationship exists between GDP and standard of…