11Measuring the EconomyKey PointsCircular Flow NIPAGDP conceptsValue AddedReal vs. Nominal GDPDeflatorsWelfare ComparisonsCircular flow AntigrowthMacro (episode 20)2How 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%3Is An Increase in GDP Good for America?A. YesB. NoC. Maybe
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24In the News?5A blast from the past b, p, fWhich 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 above6Course IssuesGradebookInvestment GameVideos - $1Assignment 4 ThursdayInv Game RoomCourses Careers roomHybrid – 2B, 3B 4b – advisementInvgame Qs