484 CHAPTER 20 Measuring GDP and Economic Growth
Kg, 0 I Real GDP is measured using a common set of
prices to remove the effects of ination from GDP.
Gross Dom 51 I uct (pp. 466468
' - Working Problems 5 to 8 will give you a better under-
536 CHAPTER 22 Economic Growth
' Rio ic Growth (pp 511L516)
I Economi Luci ghe sustained expansion of
production pass e 15 measured as the
annual percentage rat<3an e of real GDP.
I The Rule of 70 tells us t e 196 _._ofyears in
which real GDP doubles
558 CHAPTER 23 Finance, Saving, and Investment
' [-5 I The quantity of loanable funds supplied depends
.9 positively on the real interest rate and the sup-
Financll l( [1 and Financing Markets ply of loanable funds changes when disposabl
506 CHAPTER 21 Monitoring Jobs and Inflation
with l Over the business cycle, real GDP uctuates
y 9 around potential GDP and the unemployment
Employm up - mployment (PP- 490494) rate uctuates around the natural unemployment
. . rate.
I Unem lo 3. no