Introduction To Macroeconomics

Introduction to Macroeconomics

Defining Macroeconomics ,[object Object],[object Object],[object Object],[object Object],[object Object]

Gross Domestic Product ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

The Expenditure Approach ,[object Object],[object Object],[object Object],[object Object],GDP = C + G + I + (X – M)

GNP – Gross National Product ,[object Object],[object Object]

Economic Growth ,[object Object],[object Object],Real GDP Growth Rate = (real GDP year 2 – real GDP year 1) real GDP year 1 x 100

Drawbacks to GDP ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

The Unemployment Rate ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Calculating the Unemployment Rate ,[object Object],[object Object],[object Object],[object Object],[object Object],Unemployment Rate = Number unemployed Labour force x 100

Full Employment ,[object Object],[object Object],[object Object],[object Object]

Other Types of Unemployment ,[object Object],[object Object]

Variations in the Unemployment Rate ,[object Object],[object Object]

Consumer Price Index ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Calculating and Using the CPI ,[object Object],[object Object],Inflation rate = CPI year 2 – CPI year 1 CPI year 1 x 100

Limitations of CPI ,[object Object],[object Object],[object Object]

Real GDP ,[object Object],[object Object],[object Object],[object Object]

Introduction To Macroeconomics

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Introduction To Macroeconomics