Ap macroeconomics unit 2 - Study guides, Class notes & Summaries

AP Macroeconomics Unit 2 Exam Questions and Answers

AP Macroeconomics Unit 2 Progress Check MCQ Exam Questions and Answers

AP Macroeconomics Unit 2, AP Macroeconomics Unit 1 Questions And Answers Real GDP GDP expressed in constant or unchanging dollars -- adjusts for inflation Best measure of economic growth The Business Cycle Alternating periods of economic expansion and economic recession Three Major Economic Goals for Every Country 1. Promote economic growth 2. Limit unemployment 3. Keep prices stable (limit inflation) What is the formula to calculate the percent change in GDP? (year 2 - year 1)/year 1...

AP Macroeconomics Unit 2 latest review

AP Macroeconomics Unit 2 Progress Check: MCQ Questions And Answers Which statement is true about the approaches used to measure the value of a nation's gross domestic product (GDP) ? A) The expenditure approach to calculating GDP sums the components of the supply side of the economy. B) The income approach to calculating GDP sums the income earned by the factors of production excluding profits. C) The value-added approach to calculating GDP sums the final monetary value of output ...

AP Macroeconomics Unit 2.1 Exam Questions and Answers

Which statement is true about the circular flow diagram of an economy? A) The market for goods and services connects household spending to government spending. B) The market for factors of production connects household spending to goods produced by firms. C) The market for factors of production connects spending by firms to household income. D) The market for goods and services connects labor income to firms as employers. E) The market for goods and services connects labor income to...

These notes are supposed to help those in need for macroeconomics notes for unit 2. These notes summarize each module you are supposed to know, with graphical drawings as well.

AP Macroeconomics - Unit 2 Study Guide

AP Macroeconomics - Unit 2 Study Guide Questions And Answers Final good or service A good or service that is produced for its final user and not as a component of another good or service Final goods are... Intended for consumers (example: ford car) Intermediate goods are... Not counted in the GDP (example: Bose stereo that is built into the ford car) How often does the GDP measure economic performance? Annually How do you measure GDP growth? (Equation) % Change in GDP = (Year 2 - Year ...