Chapter 7 Study Suggestions

Chapter 7 Study Suggestions - Chapter Chapter 7 Study...

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Unformatted text preview: Chapter Chapter 7 Study Suggestions Before lecture on Wednesday, September 14: Read pages 208-229 of the textbook, skipping the sections “Measuring GDP Using the Value-Added Method,” “National Income,” “Personal Income,” “Disposable Personal Income,” and “The Division of Income.” Note the definitions of all of the following terms: macroeconomics, inflation rate, gross domestic product (GDP), final good or service, intermediate good or service, transfer payments, consumption, investment, government purchases, net exports, underground economy, nominal GDP, real GDP, price level, and GDP deflator. After lecture on Wednesday, September 21: Re-read pages 208-229 of the textbook, skipping the sections “Measuring GDP Using the ValueAdded Method,” “National Income,” “Personal Income,” “Disposable Personal Income,” and “The Division of Income.” Read pages 165-171 of the study guide, skipping the material on the value-added method, national income, personal income, disposable personal income, and the division of income. Do Multiple-Choice Questions 1-13, 15-21, 26-28, 30-36, 38, & 39 in the study guide. Do Short Answer Questions 1-6 in the study guide. Do True/False Questions 1-6 & 9-13 in the study guide. Between 12:00am on Tuesday, October 4 and 11:59pm on Wednesday, October 5: Take and submit Chapter 7 Quiz on ICON! General Study Suggestions The textbook/study guide is intended to reinforce, not replace, the information presented during lecture and discussion. In economics, graphs are tools that can help you answer questions ~ use them! Understanding a problem that is presented to you is not the same as doing the problem yourself ~ practice! Ask Professor Fuhrman and/or the TAs questions during lecture, discussion, office hours, and/or via email. Page 1 of 1 ...
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