Survey
* Your assessment is very important for improving the work of artificial intelligence, which forms the content of this project
Download GDP + + + - Fort Bend ISD
Document related concepts
no text concepts found
Transcript
Name ____________________ Class Period ______ Date __________ Economics Ch 12, Gross Domestic Product and Growth National income accounting Gross domestic product Intermediate goods Durable goods Nondurable goods Nominal GDP Real GDP Depreciation Price level Aggregate supply Aggregate demand Business cycle Expansion Contraction Peak Trough Recession Depression Stagflation Leading indicators Economic growth Real GDP per capita Saving Savings rate Technological progress components + ______________ ______________ ______________ ______________ ______________ ______________ ______________ + ______________ ______________ ______________ ______________ ______________ ______________ ______________ + ______________ ______________ ______________ ______________ ______________ ______________ ______________ = ______________ ______________ ______________ ______________ ______________ ______________ ______________ Yr 1 Nominal GDP Yr 2 Nominal GDP 10 cars @ $15,000 = $__________ 10 trucks @ $20,000 = $__________ Total $__________ 10 cars @ $16,000 = $__________ 10 trucks @ $21,000 = $__________ Total $__________ GDP description Yr 2 Real GDP 10 cars @ $_______ = $__________ 10 trucks @ $______ = $__________ Total $__________ Economics Ch 12, Gross Domestic Product and Growth Label each axis Draw & label an aggregate supply curve (AS). Draw & label an aggregate demand curve (AD1). Indicate the equilibrium price level and quantity (P1 & Q1) Draw & label an aggregate demand curve (AD2), illustrating an increase in aggregate demand. Indicate the equilibrium price level and quantity (P2 & Q2) . Label each axis. Draw a business cycle curve. Label the 4 phases of the business cycle. Variable Effect of Variable 2
Related documents