Wednesday, September 24, 2014

GDP - Output

In class students took quiz #2 on the supply/demand curve. 

Afterwards, we continued to take notes on GDP - differentiating between nominal GDP (total of goods/services at current year price level) vs. real GDP (total of goods/services at a baseline price level).

The notes are attached and the homework is listed below.

Notes - GDP

HW - Complete Module 11 Questions
          Read Module 12 and Module 13
          GDP question

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