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Chapter 1 - Witte

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Chapter 1 - Witte Real GDP Inflation Unemployment Recession See Data Chapter 1 - Witte Models Exogenous vs. Endogenous Model: Supply and Demand Chapter 2 - Witte ... – PowerPoint PPT presentation

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Title: Chapter 1 - Witte


1
Chapter 1 - Witte
  • Real GDP
  • Inflation
  • Unemployment
  • Recession
  • See Data

2
Chapter 1 - Witte
  • Models Exogenous vs. Endogenous
  • Model Supply and Demand

3
Chapter 2 - Witte
  • Real GDP Y
  • Income
  • Output
  • Definition
  • Market Value
  • Real vs. Nominal GDP Deflator

4
Chapter 2 - Witte
  • Real GDP is FINAL Goods and Services
  • Within an economy
  • Given period of time

5
Chapter 2 - Witte
  • Y C I G NX
  • C
  • I
  • G
  • NX
  • See Data

6
Chapter 2 - Witte
  • CPI Consumer Price Index
  • Headline vs. Core
  • GDP Deflator vs. CPI
  • See Data

7
Chapter 2 - Witte
  • Employment
  • Labor Force
  • Unemployment Rate
  • Labor Force Participation Rate
  • See Data
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