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NIPArev - Measuring the Economy Key Points Circular flow...

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1 1 Measuring the Economy Key Points Circular Flow NIPA GDP concepts Value Added Real vs. Nominal GDP Deflators Welfare Comparisons Circular flow Antigrowth Macro (episode 20) 2 How much of this week’s material do you feel you understand before we begin, based on reading and HW? A. <60% B. 61-70% C. 71-80% D. 81-90% E. 91-100% 3 Is An Increase in GDP Good for America? A. Yes B. No C. Maybe
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2 4 In the News? 5 A blast from the past b, p, f Which of the following describe the effect of an increase in Government spending? A. G ⇑⇒ T ⇑ ⇒ (Y-T) ⇓ ⇒ C ⇓ ⇒ D ⇓ ⇒ p,y B. G ⇑⇒ Ms ⇑⇒ i ⇓ ⇒ I ⇑ ⇒ D ⇑⇒ p,y C. G ⇑⇒ D ⇑⇒ p,y D. G ⇑⇒ C ⇑ ⇒ D p,y E. None of the above 6 Course Issues Gradebook Investment Game Videos - $1 Assignment 4 Thursday Inv Game Room Courses Careers room Hybrid – 2B, 3B 4b – advisement Invgame Qs
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