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Unformatted text preview: 17. Recessions/Expansions/Depressions CHAPTER 8 1. Circular flow diagrams 2. Product market vs. factors market 3. GDP 4. Two methods of measuring GDP. 5. Which transactions are excluded? 6. Final goods vs. intermediate goods 7. Fixed investment 8. Durable and nondurable goods 9. You have to know how to calculate GDP and all of its components. 10. How do you calculate GDP via the income approach? 11. How do you calculate GDP via the expenditure approach? 12. Largest categories in each approach. 13. NPD, NI, PI, DPI. 14. Nominal values vs. real values. 15. Per capita GDP and Real GDP....
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This note was uploaded on 04/07/2008 for the course ECON 103 taught by Professor Downing during the Fall '06 term at Danville Area CC.
- Fall '06