Thursday December 13

New Concepts:

• GDP per Capita
• Real Vs Nominal GDP
• Green GDP
• GDP vs GNP
• Using GDP to measure economic growth (Business Cycle)

Resources:
Khan Academy Video  GDP (Measuring National Income)

Khan Academy Video - Components of GDP

Video - Description of GDP

Video - Real GDP

Khan Academy Video - Real and Nominal GDP

Power Point  GDP (National Income)

GDP Equation (Expenditure Method)  Y = C+I+G+(X-M)

• C-Consumer Spending
• I-Business Investment
• G-Government Spending
• (X-M) Net exports

Homework:

• "Pop" Quiz on GDP - Tomorrow (Friday)