Week 4_iConnect_LIVE_Lecture on TCO 4 (1)

Week 4_iConnect_LIVE_Lecture on TCO 4 (1) -...

Info icon This preview shows pages 1–5. Sign up to view the full content.

Welcome to the Midterm    (Weeks 1~3 topics) Week !   GDP & Circular Flows “TCO  4” I am Dr. Judy. Dr. Barbara & I will host  this session. We are instructors for Econ  312. If you need to reach us, my email  address is [email protected] and Dr.  Barbara’s is [email protected]
Image of page 1

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

Midterm Reminder n Midterm Study Guide in Doc Sharing n Access: Entire Week 4 [Sunday to Sunday] n Total of 200 points 50 Multiple Choice questions worth  three points each for a total of 150 points n Two essay questions worth 25 points each for a total  of 50 points n Covers Weeks 1-3. n Remember to submit your Midterm  when you are  finished. Three hours to complete your Midterm.
Image of page 2
TCO 4 n Given current National Income  accounts data, calculate the Gross  Domestic Product [GDP] using both  income and expenditure  methods used  by the U.S. Commerce Department.
Image of page 3

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

GDP & National Income Accounting n GDP = The dollar value of  all “ final”  goods and  services  produced in a nation in one year regardless  of ownership  of the factors of production. NO Double  Counting! [Final questions on this] n National Income Accounting measures what goods &  services the factors of production were used to 
Image of page 4
Image of page 5
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