Macroeconomics part gdp limitations and items exluded , aggergate demands unenployment, cpi and infl

Macroeconomics part gdp limitations and items exluded , aggergate demands unenployment, cpi and infl

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items excluded from the gdp : .intermediate products.second sales .non-market transactions.underground economy .financial transactions
intermidiate products goods used to make other goods
second sales or things that are sold such as things goodwill allready bought and sold again
non-market transactions includes economic activites that do not generate expidentures or the things you fix or do yourself
underground economy includes good: taxes and flea markets bad:black markey
gpd limitations the composition of out put of whats being made and the quality of life
aggregate demands definition gpd is essentialy the total amount of goods and services that consumers , buisnesses goverments and people in other countries purchase every year is basically the real gdp
what are the derterminites of the aggregate demand curvesincrease the curve moves to the decrease ? c, i,g Xn —–><——-
you are unemployed if you fall under what three things they are 16 years of age or youngerdidnt have any job at survey week atemted a job once in four weeks and you availible for work
the types of unenployment frictional structural caused by shortage of demand seasonal cyclical
unenployment rate = #of unenployed —————— X 100labor force
what are the 4 types of inflation inflationdeflation hyperinflationcreeping inflation
inflation general rise in p over time
deflation general fall in p over time
hyperinflation _____ with an exes of_____% inflation , 500%
cost push inflaion is the explination that rising input costs , exspecialy energy and orginize d labor , drives up the p of products
demand push inflation is the explination that p rise because of sectors of the economy to try and by more goods and services that the economy can produce
market basket is the selectionand how many total items does it include part of cpi of goods and services that are COMMONLY purchased by consumers ( 364 items total)
base year part of cpi the year that is the basis of comparison
cpi is the … and it measures consumer price index its used to measure price changes of the market basket from one year to the next
cpi= basket price of this period (what your looking for)———————————————————– X100base period
unanticipated inlflation can be a ____ or _____thing for different types of people good and bad thing
unanticipated inflation affects types of people ( 4) .lenders .borrowers .savers .workers
the leders goal is to loan funds at a rate of interest that is HIGHER than inflation
the borrowers goal is to borrow funds at THE LOWEST POSIBLE INTEREST RATE
the savers goal is to save funds at a rate of interest that is HIGHER than inflation
the workers goal is to earn wages that INCREASE at a rate that is HIGHER that the inflation rate
m= imports
x= exports
when m goes up XN goes ? gdp? goes down and so does gdp
with all the other factors of gdp if it goes up gdp wil go uo
inflation rate = cpi of this period-cpi of previous period ____________________________________________ X 100cpi of previous period
people who are hurt by inflation people with fixed incomes and are lending money , savers , and people with fixed incomes
people who are helped by inflation debtors or people who borrow money a buisness where the price of the product increases faster than the price of recources

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