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notes_macro_mid_rev - MACROECONOMICS Georgios Karras...

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Macro Notes © G.Karras 2010 MACROECONOMICS Georgios Karras* University of Illinois at Chicago * Professor of Economics; Mailing Address: Department of Economics, University of Illinois at Chicago, 601 S. Morgan St., Chicago, IL 60607-7121; e-mail: [email protected]c.edu . Lecture Draft Do not cite without permission
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Macro Notes © G.Karras 2010, p.2 MIDTERM REVIEW UNIT #1 (Chapters 1 & 2): Measurement National Income Identity: T S C Y p + + National Expenditure Identity: NX G I C Y + + + National Saving: G p p S S G T S S + = + = ) (
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