Economic Performance Vocabulary Gallery Walk. Disposable Personal Income, 8D Calculated by subtracting individual income taxes from personal income; Total.

Slides:

Advertisements

Similar presentations

Unit 3 Macroeconomics.

Advertisements

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.

Mr. Weiss Unit 5 Vocabulary Words 1. gross domestic product (GDP); 2. inflation; 3. real GDP; 4. consumer price index (CPI) _____total dollar value of.

SSEMA 1, 2.3. What is Macroeconomics? The study of the performance of our economy as a whole.

Macroeconomics that part of economic theory dealing with the economy as a whole and decision making by large units such as governments and unions Click.

Macroeconomics unit What you should know by now. You should be able to : Define the following: Gross Domestic Product (GDP) & the 4 components Unemployment.

Chapter 3 Assessing Economic Conditions. Learning Objectives  Identify the macroeconomic factors that affect business performance.  Explain how market.

Know that Name Factors of What??? MY EconoMY Inflation or Bust.

Macroeconomics Review

 Business Cycle National Debt Unit 7 Decision, Decisions.

Mr. Southward. Output is the amount of products that are being produced in all spectrums of the market; We use the measure of Gross Domestic Product (GDP)

Warmup  What is unemployment?. Unit 5 Measuring Economic Performance GDP, Business Cycle, Inflation, Unemployment.

Price Stability Economic Growth Full Employment. Economic Indicators.

CHAPTER 12 & 13 ECONOMIC PERFORMANCE. GROSS DOMESTIC PRODUCT TOTAL DOLLAR VALUE FINAL GOODS AND SERVICES NEW ONLY.

Gross Domestic Product & Growth Ch 12 National Income Accounting Because of the Great Depression, economists felt they needed to monitor our economy,

The branch of economic theory dealing with the economy as a whole and decision making by governments.

Eco 6351 Economics for Managers Chapter 10a. The Business Cycle Prof. Vera Adamchik.

Chapter 12 Economic Indicators and Measurements. GDP and Other Indicators  Gross Domestic Product (GDP): is the market value of all final goods and service.

Economics Chapter 13. National Income Accounting The measurement of the national economy’s performance. A measure of the amount of goods and services.

Economics: Chapter 13 Measuring the Economy’s Performance.

Economic Ups & Downs Activity Test Review. What is real gross domestic product? O Total market value of all final goods and services produced within the.

MACROECONOMICS THE STUDY OF THE ECONOMY AS A WHOLE.

Business Cycle and Economic Indicators

Measuring Economic Growth. Write and answer the following questions on a separate piece of paper. 1.Define GDP.p320 2.What items are not included in calculating.

GNP & CONSUMER PRICE INDEX (CPI). PROBLEM WITH GDP GDP can measure total output but cannot measure total income mainly because of goods produced here.

Lecture Four Macroeconomic Concerns: Unemployment, Inflation, and Growth.

An Overview of Personal Finance The Importance of Personal Finance –Slow Growth in Personal Income The average annual growth rate in the US is from 2 -

Unit 4 The Big Picture And Tracking the Macroeconomy

Gross Domestic Product & Growth Macroeconomics – Part 1.

The Business Cycle.

Chapter 3: Role Of Government By Mike Cedeno, Red Hampton, Montez Walker.

Section 4.2 Understanding the Economy.  The goals of an economy  The various measurements used to analyze an economy  The four phases of the business.

Today’s Schedule – 10/18 GDP PPT Possible Reading: Psychology of Spending HW: – Rd Ch. 11, Sections 1-3.

Understanding Business Cycles. Digital Safari Institute GreenBizz Project Stages of a Business Cycle Expansion Phase Expansion Phase – Boom – Peak Contraction.

Economics Unit 6: Micro, Macro, GDP, BC, Unemployment, Poverty.

The branch of economic theory dealing with the economy as a whole and decision making by governments.

PowerPoint Presentation by Charlie Cook Copyright © 2004 South-Western. All rights reserved. Chapter 21 The Macroeconomic Environment.

Contraction TroughExpansion Peak The business cycle is a period of macroeconomic expansion followed by a period of contraction. During the expansion phase,

Measuring Domestic Output, National Income, and the Price Level 7 C H A P T E R.

Table 5.1 The Estimated Size of U.S. Manufactured Capital Stock (2004, end of year, trillions of dollars) Equipment and software5.4 Structures13.9 Residences14.8.

Kick off 4/13 What do you think about the cartoon on page 343?

Gross Domestic Product Definition of Gross Domestic Product Why are Changes in Real Gross Domestic Product Important? Explanations of GDP and its Components.

Business Cycle. The economy does not grow at a constant rate, instead it goes through alternating periods of growth and decline.

Economics Unit 4: Macroeconomics Vocabulary Review.

UNIT 6 VOCABUARY Demand - willingness and ability to purchase a product or service.

Introduction to Business Mrs. A. Measuring Economic Activity Economic indicators Economic indicators – important data or statistics that measure economic.

Economic growth Macroeconomics 1. Fundamental macroeconomic indicators Economic growth Unemployment Inflation 2.

Copyright © Cengage Learning. All rights reserved.1 | 1 Measuring Economic Performance Productivity –The average level of output per worker per hour Economic.

Gross Domestic Product & Growth

Gross Domestic Product & Growth

The branch of economic theory dealing with the economy as a whole and decision making by governments. Macroeconomics.

Economic Indicators for Informed Citizens

GDP: Measuring the National Economy

GROWTH DEFINITIONS “ The ability of an economy to satisfy consumer wants by producing more goods and services over a period of time”. “Economic growth.

ECN 200: Introduction to Economics Macroeconomic Aggregates

Macroeconomics The branch of economic theory dealing with the economy as a whole and decision making by large units such as governments.

Table 5.1 The Estimated Size of U.S. Manufactured Capital Stock

National Income Accounting

Economic Performance.

វិទ្យាស្ថានខ្មែរជំនាន់ថ្មី Institute of New Khmer

1. Business Cycle Gross Domestic Product 2. Peak Consumer Price Index

ECONOMIC MEASUREMENTS Unit 2, Part 2

GDP and the Economy Vocabulary Coach Lott.

Measuring the Economy’s Performance

Gross Domestic Product & Growth

The periodic and cyclical ups and downs of the economy

Macroeconomics Review

Gross Domestic Product & Growth

GDP Expenditures: What Is GDP and How Do We Measure It?

Presentation transcript:

Economic Performance Vocabulary Gallery Walk

Disposable Personal Income, 8D Calculated by subtracting individual income taxes from personal income; Total income available to the consumer.

Gross Domestic Products, 5G Monetary value of all final goods, services, and structures produced within a country’s national borders during a one-year period.

Earned Income Tax Credit, 6J Federal tax credits and cash payments for low- income workers.

Expansion, 4A Period of uninterrupted growth of real GDP; recovery from a recession.

Inflation, 10C Rise in the general level of prices for goods and services.

Macroeconomics, 3H Branch of economic theory focused on the economy as a whole and decision making by large units.

Price Index, 9I Statistical series used to measure changes in the price level over time.

Poverty Guidelines, 2B Administrative guidelines used to determine eligibility for certain federal programs.

Recession, 7F Decline in real GDP lasting at least two quarters or more.

Welfare, 1E Government or private agency programs that provide general economic and social assistance to needy individuals.