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Real gross domestic product

2008_form_b.pdf

Subject: 
Economics
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economics
education
macroeconomics
National accounts
demand
inflation
Gross domestic product
College Board
PSAT/NMSQT
Aggregate demand
Real gross domestic product
Real interest rate

AP? Macroeconomics 2008 Free-Response Questions Form B The College Board: Connecting Students to College Success The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the association is composed of more than 5,000 schools, colleges, universities, and other educational organizations. Each year, the College Board serves seven million students and their parents, 23,000 high schools, and 3,500 colleges through major programs and services in college admissions, guidance, assessment, financial aid, enrollment, and

Krugman AP Macroeconomics Chapter 15

Subject: 
Economics
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Tags: 
Price indices
economics
Statistics
Econometrics
Deflator
GDP deflator
inflation
Consumer price index
Price index
Real versus nominal value
Real gross domestic product
Index
Business
behavior
Human development
Computing
Computer file formats
Electronic documents
Interpersonal relationships
Psychoanalysis
Human behavior
Portable Document Format
Attachment theory
Technology

Chapter 15: The Measurement and Calculation of Inflation ? -How the inflation rate is measured -What a price index is and how it is calculated -The importance of the consumer price index and other price indexes ? Aggregate Price Level: a measure of the overall level of prices in the economy/single number to represent the overall level of prices Market Basket: a hypothetical set of consumer purchases of goods and services/Hypothetical Consumption bundle Consumption bundle: the typical basket of goods and services purchased before the price changes Price index: measure of the cost of purchasing a given market basket in a given year Base year: always results in a price index of 100 Price indexes are also the basis for measuring inflation

Krugman AP Macroeconomics Chapter 11

Subject: 
Economics
Rating: 
0
No votes yet
Tags: 
National accounts
economics
Econometrics
Gross domestic product
macroeconomics
Real gross domestic product
Measuring GDP
Real versus nominal value
Real versus nominal value
inflation
Economic growth
GDP deflator
Business
behavior
Human development
Computing
Computer file formats
Electronic documents
Interpersonal relationships
Psychoanalysis
Human behavior
Portable Document Format
Attachment theory
Technology

Chapter 11: Interpreting Real Gross Domestic Product ? -The difference between real GDP and nominal GDP -Why real GDP is the appropriate measure of real economic activity ? GDP: a measure of the size of the economy represents increase in prizes of goods and services rather than an increase in output provides a good way to compare the size of different economies but not a good measure of the economy?s growth over time can grow to economic expansion or just inflation Real GDP: measures actual changes in aggregate output/ adjusted for price changes total value of all final goods and services produced during a given year calculated using the prices of a selected base year (assumed prices stay constant)

Krugman AP Macroeconomics Chapter 15

Subject: 
Economics
Rating: 
0
No votes yet
Tags: 
Price indices
economics
Statistics
Econometrics
Deflator
GDP deflator
inflation
Consumer price index
Price index
Real versus nominal value
Real versus nominal value
Real gross domestic product
Index
Business
behavior
Human development
Computing
Computer file formats
Electronic documents
Interpersonal relationships
Psychoanalysis
Human behavior
Portable Document Format
Attachment theory
Technology

Chapter 15: The Measurement and Calculation of Inflation ? -How the inflation rate is measured -What a price index is and how it is calculated -The importance of the consumer price index and other price indexes ? Aggregate Price Level: a measure of the overall level of prices in the economy/single number to represent the overall level of prices Market Basket: a hypothetical set of consumer purchases of goods and services/Hypothetical Consumption bundle Consumption bundle: the typical basket of goods and services purchased before the price changes Price index: measure of the cost of purchasing a given market basket in a given year Base year: always results in a price index of 100 Price indexes are also the basis for measuring inflation

Krugman AP Macroeconomics Chapter 11

Subject: 
Economics
Rating: 
0
No votes yet
Tags: 
National accounts
economics
Econometrics
Gross domestic product
macroeconomics
Real gross domestic product
Measuring GDP
Real versus nominal value
Real versus nominal value
inflation
Economic growth
GDP deflator
Business
behavior
Human development
Computing
Computer file formats
Electronic documents
Interpersonal relationships
Psychoanalysis
Human behavior
Portable Document Format
Attachment theory
Technology

Chapter 11: Interpreting Real Gross Domestic Product ? -The difference between real GDP and nominal GDP -Why real GDP is the appropriate measure of real economic activity ? GDP: a measure of the size of the economy represents increase in prizes of goods and services rather than an increase in output provides a good way to compare the size of different economies but not a good measure of the economy?s growth over time can grow to economic expansion or just inflation Real GDP: measures actual changes in aggregate output/ adjusted for price changes total value of all final goods and services produced during a given year calculated using the prices of a selected base year (assumed prices stay constant)
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