AP MACRO ECONOMICS / REVIEW SHEET / TEST MODULES 10-15 KRUGMAN/ MR. LIPMAN. 1. Circular flow diagram. 2. GDP = C + I + G + Xn (only measures production of final goods) consumption. investment. government purchases (not transfer payments) imports - exports. used goods (not counted) intermediate goods (not counted) 3. Real GDP vs. Nominal GDP. P x Q AP Macro 2-2 The Business Cycle.ppt (5633k)
Students Receive Unit 3 Vocabulary; Students Receive Unit 3 Study Guide (if you did not give it to students after the Unit 2 Test) Inquiry Based Reading Assignment (Reading/Questions 3.1.) This is about 20-25 minutes of individual reading; Students should read past Circular Flow Diagram Microeconomics Reading 3.1 Microeconomics Questions 3.1
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