Home
Explore
Exams
Search for anything
Login
Get started
Home
Business
AP Macroeconomics
Macroeconomics GDP
0.0
(0)
Rate it
Studied by 2 people
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Card Sorting
1/17
Earn XP
Description and Tags
Macroeconomics
GDP
AP Macroeconomics
Add tags
Study Analytics
All
Learn
Practice Test
Matching
Spaced Repetition
Name
Mastery
Learn
Test
Matching
Spaced
No study sessions yet.
18 Terms
View all (18)
Star these 18
1
New cards
GDP (Gross Domestic Product)
The dollar value of all final goods + services produced in a nation in a year
2
New cards
Nominal GDP
Current prices, includes inflation
3
New cards
Real GDP
Constant prices, takes out inflation
4
New cards
Real GDP per capita
GDP / Population
5
New cards
Nominal GDP - Inflation
Real GDP
6
New cards
Final Goods
goods and services that have been purchased for final use and not for resale or further processing or manufacturing
7
New cards
Intermediate Goods
goods used in the production of final goods; not included in GDP
8
New cards
Double Counting
counting both the final and intermediate goods in GDP
9
New cards
Expenditures Method
C + I + G + x (x-m)
10
New cards
Consumer Spending
C
11
New cards
Investment Spending
I
12
New cards
Government Spending
G
13
New cards
Net Exports
X
14
New cards
Unemployment Rate
Unemployment / Labor Force
15
New cards
4 components of GDP using income method
Wages, Interests, Rents, Profits
16
New cards
Currently negative in US
Exports
17
New cards
Investment Speanding
Businesses spending money
18
New cards
Economic method that is negatively affected when GDP decreases
Unemployment
Explore top notes
Chapter 2 - The Role of Prices
Updated 871d ago
Note
Preview
SUPPORT AND MOVEMENT
Updated 890d ago
Note
Preview
Personality 210 Notes (Part 8) Continuing the Discussion of Drives
Updated 1096d ago
Note
Preview
Kurso
Updated 174d ago
Note
Preview
Unit 4: Contextual Applications of Differentiation
Updated 793d ago
Note
Preview
Chapter Eleven: Eating Disorders
Updated 810d ago
Note
Preview
AP World 1.5 - State Building in Africa
Updated 686d ago
Note
Preview
IB Music - Ultimate Study Guide
Updated 183d ago
Note
Preview
Explore top flashcards
Quiz - Protestant Reformation
Updated 939d ago
Flashcards (30)
Preview
Econ - Unit 5 (LT:2)
Updated 551d ago
Flashcards (20)
Preview
Biological Psychology - Neuroanatomy
Updated 577d ago
Flashcards (47)
Preview
general iot
Updated 50d ago
Flashcards (198)
Preview
World War II Terms
Updated 801d ago
Flashcards (88)
Preview
Spanish 3-4 Idioms
Updated 970d ago
Flashcards (66)
Preview
Science Concept 2
Updated 581d ago
Flashcards (25)
Preview
Psychology AOS 1 - Chapter 2
Updated 1h ago
Flashcards (78)
Preview