PECh11 - GDP_16-11-15 - PRINCIPLES OF ECONOMICS BURAPHA...

Info icon This preview shows pages 1–9. Sign up to view the full content.

View Full Document Right Arrow Icon
PRINCIPLES OF ECONOMICS BURAPHA UNIVERSITY INTERNATIONAL COLLEGE
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Chapter 11 Gross Domestic Product Survey of Economics Irvin B. Tucker 2
Image of page 2
STRUCTURE PART I - INTRODUCTION Ch1 INTRODUCTION and THE USE OF GRAPHS IN ECONOMICS Ch2 PRODUCTION POSSIBILITIES, OPPORTUNITY COST PART II - MICROECONOMY Ch3 DEMAND and SUPPLY model Ch4 MARKETS IN ACTION Ch5 PRICE ELASTICITY Ch6 COSTS STRUCTURE Ch7 PERFECT COMPETITION Ch8 MONOPOLY PART III – MACROECONOMY and FISCAL POLICY Ch11 GROSS DOMESTIC PRODUCT Ch13 INFLATION PART IV – MONEY and BANKING INTERNATIONAL Ch18 MONEY and BANKING PART V – INTERNATIONAL ECONOMY Ch21 INTERNATIONAL TRADE and FINANCE
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
What is national income accounting? The system used to measure the aggregate income and expenditures for a nation 4
Image of page 4
What is Gross Domestic Product? GDP is the market value of all final goods and services produced in a nation during a period of time, usually a year. 5
Image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
What are final goods? Finished goods and services produced for the ultimate user 6
Image of page 6
What are intermediate goods? Goods and services used as inputs for production of final goods 7
Image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Does GDP count intermediate goods?
Image of page 8
Image of page 9
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern