Tuesday, November 4, 2008

GDP Review

















What is GDP? How is GDP calculated?


GDP= ______+ ______ + _______ + ( ___ - ____ )


What does GDP not measure? (What is excluded and not taken into account)


Why is GDP not a good indicator of the standard of living in country?


What is GNP, and how is it different than GDP?


What is the difference between GDP and Real GDP?


What is the PI? What is measured by PI?


What is CPI? How/Why do we measure it?


What is the difference between planned and unplanned investment?

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