Macroeconomic Data Gross Domestic Product (GDP) Consumer Price Index (CPI) Unemployment rate Gross Domestic Product: Expenditure and Income Two definitions: Total expenditure in goods and services produced in a country Total income earned by productive factors in a country Expenditure equals income, since each dollar/euro spent by a consumer, is also the income of a producer Circular flow in the Economy Income Labor Households Firms Goods/Services Expenditure Value Added Value added of
Words: 1748 - Pages: 7
Aggregate Demand and Supply Models ECO/372 July 31, 2013 Aggregate Demand and Supply Models Aggregate supply and demand are crucial theories in macroeconomics as they assist economists in deciphering events in the past to help forecast the future. The aggregate supply curve model shows the correlation between the total price level of a country, and the quantity of goods and services manufactured by the suppliers of that country. The aggregate demand curve model shows the quantity of
Words: 1778 - Pages: 8
|d. |inflation premium rate (in money terms). | ANS: A 226. When AD is equal to SRAS at an output level equal to the LRAS curve, |a. |we are at long-run macroeconomic equilibrium. | |b. |we are at the natural rate of unemployment. | |c. |both a and b are true
Words: 4426 - Pages: 18
Managing the economy Steve Margetts CONTENTS Aggregate Demand (AD) Aggregate Supply Equilibrium Between Aggregate Demand And Aggregate Supply Consumption And Savings Investment Government Spending Exports and Imports Objectives Of Government Macroeconomic Policy Inflation Unemployment Economic Growth Balance of Payments Conflicts Between Macro Economic Objectives Demand Management or Supply Side? 2 4 9 11 17 25 29 31 34 50 71 80 84 87 Page 1 Unit 3 Managing the economy Steve Margetts
Words: 24295 - Pages: 98
EcoNomIcs mIcroEcoNomIcs macroEcoNomIcs Course Description Effective Fall 2012 AP Course Descriptions are updated regularly. Please visit AP Central® (apcentral.collegeboard.org) to determine whether a more recent Course Description PDF is available. The College Board The College Board is a mission-driven not-for-profit organization that connects students to college success and opportunity. Founded in 1900, the College Board was created to expand access to higher education. Today, the membership
Words: 12516 - Pages: 51
particular emphasis on the Philippine Economic system, its growth and development. The course covers the foundation of economics, demand and supply analysis, the concept of elasticity, the theory of production and the fundamental concept of micro and macroeconomics with the use of simple graphical and mathematical illustrations. Likewise, the course involves topics on taxation and agrarian reform with discussion on issues and problems related to its implementation. IV. CREDIT UNIT: 3HOURS
Words: 1084 - Pages: 5
German Unemployment Drops as Euro-Area Inflation Slows Nowadays, unemployment is one of the most important problems we face in economics and society. In recent years the unemployment rate of several countries in Euro increased because there was serious economic crisis. Europe's unemployment rate peaked at 12.2% in 2013. Spain and Greece have high unemployment rate among other. In Spain, the youth unemployment rate was 56% in 2013 and, In Greece, the unemployment rate was 62.5% in 2013. By contrast
Words: 1394 - Pages: 6
Name: _____________________________________________ 1. Macroeconomics is the study of economics from the viewpoint of Makroekonomi adalah pembelajaran ekonomi dari sudut: A. Government units / Unit kerajaan B. Individual consumers / Pengguna individu C. The entire economy / Keseluruhan ekonomi tersebut D. The operation of specific product and markets /Operasi pasaran produk tertentu 2. In the circular flow diagram, firms ___________. Dalam rajah aliran pusingan, firma-firma ___________. A. supply
Words: 1157 - Pages: 5
RESERVE BANK OF INDIA (RBI) INTRODUCTION: The Reserve Bank of India (RBI) is the Central Bank of the country. It was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Reserve Bank was started as share-holders bank with a paid-up capital of Rs.5 crores. On establishment it took over the function of management of currency from the Government of India and power of credit control from the Imperial Bank of India. The Central Office of the
Words: 2000 - Pages: 8
____________________________ ID Number ____________________________________ Date: ______________ 1. Macroeconomics does not try to answer the question of: A) why do some countries experience rapid growth. B) what is the rate of return on education. C) why do some countries have high rates of inflation. D) what causes recessions and depressions. 2. All of the following are important macroeconomic variables except: A) real GDP. B) the unemployment rate. C) the marginal rate of substitution. D) the
Words: 4511 - Pages: 19
