Gross Domestic Product and Economic Growth Power Point Notes

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Population, Government and Foreign Trade • Population Growth - leads to lower standards • Government - raising taxes to pay for government services, households will have less money but will have more services • Foreign Trade - trade deficit - importing more than exporting When the economy is on the upswing, financial institutions are more likely to lend money. A strong economy means you have a greater access to loans that help pay for education. Many economists see teen spending as a huge source of future economic growth. When you spend money responsibly, you help expand the economy.
Technological Progress • An increase in efficiency gained by producing more output without using more inputs • Causes • scientific research • innovation • The Government aids innovation
Page 1 and 2: Chapter 12 Gross Domestic Product a
Page 3 and 4: 1. Gross Domestic Product • Dolla
Page 5 and 6: Expenditure Approach • Suppose an
Page 7: Limitations of GDP • Non-market a
Page 13 and 14: Measurements of the Macro economy
Page 15 and 16: 2. Business Cycles • A periods of
Page 17 and 18: What Keeps a Business Going • Bus
Page 19 and 20: Business Cycles throughout history
Page 21: Measuring Economic Growth • Real

Gross Domestic Product and Economic Growth Power Point Notes

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