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)
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 - Friday
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