I would like to dedicate this page to:
Ms. Goodman- My Economics Teacher

Hello! Welcome to Macroland, my name is Christina Jeudy. I will be your tour guide as we learn about many different concepts in Economics such as GDP, Aggregate Demand, Aggregate Supply and much more.

LAND OF GDP

This is the land of GDP where I will explain to you the different types of GDP's. For example, Nominal GDP is an gross domestic product figure that has not be adjusted for inflation. A real GDP is a GDP that has been adjusted to inflation but it reflects the value of all good and services produced in a given year. Lastly, Per Capita GDP show us how well individuals of our town are doing based on looking at the goods and services per household.
This is the Land of Aggregate! In the land of aggregate, there is two towns called aggregate demand and aggregate supply. Aggregate Demand shows us the the value of all goods and services demanded by consumers. On the other hand, aggregate supply shows us the value of goods and services supplied by producers. Phones/ Computers are examples of goods.




INFLATION
One of the coolest places on this land is inflation drive. Inflation shows us how the price of goods increased. Deflation is when we see the prices have decreased. CPI shows how much the prices of goods are changing in the consumer market. PPI shows us how much the prices of goods are changing in the producer market.
This is Employment/ Unemployment Beach! Employment is when people are able to find work and have an income as a result. However, unemployment is people are who are searching for a job and are unable to work.

This is business cycle center of town! There are six different areas in the business cycle center. Expansion is the period recovery from a recession. Peak is the point where real GDP stops giving up. Trough is the turn around point when real GDP stops going down. Recession is the period in which real GDP declines for two quarters. Depression is the state of the economy with large numbers of people out of work. Contraction is when unemployment increase and banks stop lending money.

This is economic growth land! Economic growth is an increase in the capacity of an economy to produce good and service, compared from one period of time to another.

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I would like to dedicate this page to:
Ms. Goodman- My Economics Teacher

Hello! Welcome to Macroland, my name is Christina Jeudy. I will be your tour guide as we learn about many different concepts in Economics such as GDP, Aggregate Demand, Aggregate Supply and much more.

LAND OF GDP

This is the land of GDP where I will explain to you the different types of GDP's. For example, Nominal GDP is an gross domestic product figure that has not be adjusted for inflation. A real GDP is a GDP that has been adjusted to inflation but it reflects the value of all good and services produced in a given year. Lastly, Per Capita GDP show us how well individuals of our town are doing based on looking at the goods and services per household.
This is the Land of Aggregate! In the land of aggregate, there is two towns called aggregate demand and aggregate supply. Aggregate Demand shows us the the value of all goods and services demanded by consumers. On the other hand, aggregate supply shows us the value of goods and services supplied by producers. Phones/ Computers are examples of goods.



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