We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you!
Presentation is loading. Please wait.
Modified over 4 years ago
SSEMA 1, 2.3
What is Macroeconomics? The study of the performance of our economy as a whole
Key Economic Indicators This information gives an idea of how the economy is performing
#1: Gross Domestic Product The total dollar value of all final goods and services produced in a nation in a year.
Calculating GDP GDP = C + I + G + (X-M) C = consumer spending I = business investment G = government spending (X-M) = net exports (total exports – total imports)
Why is GDP important? Shows the economic growth of a country (if real GDP has increased, there is economic growth)
#2: Consumer Price Index (CPI) Measure of inflation Inflation causes an increase in the average price of goods and services
Calculating CPI CPI = (market basket price in a given year/market price in the base year) X 100
#3: Unemployment Rate The percentage of people age 16+, actively looking for jobs, and able to work Does not include discouraged workers, under-aged, retired, or underemployed people
Calculating Unemployment Rate Unemployment rate = number of people looking for work number of people in the labor force
Four Types of Unemployment
#1: Structural Unemployment The skills of the labor force do not match those that employers need Investment in education and training reduces structural unemployment
#2: Frictional Unemployment Occurs when people decide not to take a particular job because they are looking for a better job
#3: Cyclical Unemployment Occurs because of downturns in the economy Result of production cutbacks => layoffs
Unit 3 Macroeconomics.
SESSION 11: MACROECONOMIC INDICATORS: GDP, CPI, AND THE UNEMPLOYMENT RATE Talking Points Macroeconomic Indicators: GDP, CPI, and the Unemployment Rate.
Directions to create Jeopardy Game Open template Save As (whatever title you choose) File open Type in categories by clicking on the text box Use the.
ECONOMIC INDICATORS. Real GDP Growth Gross Domestic Product (GDP) measures the dollar value of all goods and services produced in the U.S. economy in.
Unit 2 : Macroeconomics National Council on Economic Education Macroeconomic Questions Why does output fluctuate? What determines.
Measuring Macroeconomic Variables
Macroeconomics unit What you should know by now. You should be able to : Define the following: Gross Domestic Product (GDP) & the 4 components Unemployment.
Appendix to Chapter 1 Defining Aggregate Output, Income, the Price Level, and the Inflation Rate.
Measuring GDP and Economic Growth
Barnett UHS AP Econ MACROECONOMIC GOALS. Full Employment That does NOT mean that everybody has a job There is always going to be some people unemployed.
10 pt 15 pt 20 pt 25 pt 5 pt 10 pt 15 pt 20 pt 25 pt 5 pt 10 pt 15 pt 20 pt 25 pt 5 pt 10 pt 15 pt 20 pt 25 pt 5 pt Inflation UnemploymentInflationUnemployment.
What is inflation? --a general upward movement in price of goods and services in an economy What is deflation? --a general downward movement in.
Begin By: Vinh Nguyen $100 $200 $300 $400 $500 Shifters of Demand The Law of Demand SupplyUnemploymentGDPShifters Of Supply.
Price Stability Economic Growth Full Employment. Economic Indicators.
Macroeconomics THE BIG PICTURE
Unemployment and Inflation Macroeconomic Measurement, cont.
Unemployment and Inflation. Economics defines the labor force as all nonmilitary people who are employed or unemployed. The United States Labor Force.
CHAPTER 12 & 13 ECONOMIC PERFORMANCE. GROSS DOMESTIC PRODUCT TOTAL DOLLAR VALUE FINAL GOODS AND SERVICES NEW ONLY.
© 2019 SlidePlayer.com Inc. All rights reserved.