Wednesday, December 12, 2018

Wednesday December 12

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 - Friday

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