Gross Domestic Product and Economic Growth Power Point Notes
Gross Domestic Product and Economic Growth Power Point Notes
Gross Domestic Product and Economic Growth Power Point Notes
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Influences on GDP<br />
• Price Level - the average of all prices<br />
• Aggregate Supply - total amount of all goods <strong>and</strong> services in the<br />
economy available at all price levels<br />
• Aggregate Dem<strong>and</strong> - the total amount of all goods <strong>and</strong> services in<br />
the economy that will be purchased at all possible price levels<br />
• Equilibrium Aggregate Supply /Dem<strong>and</strong><br />
Aggregate Supply<br />
Aggregate Dem<strong>and</strong><br />
Price level<br />
Real GDP
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