<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/Annots[ 20 0 R] /MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> %PDF-1.5 2 0 obj endstream endobj startxref
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endobj %���� stream 2. Calculate GDP using the Value-Added Approach, Income Approach, and Expenditure Approach in order to understand how and why GDP should be the same no matter which method is used.
If you're behind a web filter, please make sure that the domains *.kastatic.org and *.kasandbox.org are unblocked. �I��h�q��>(�"�[�#'�3���.�!�kP�$rv8;�3;<9�?�|X�ɳg'���ru�Y'�N�v����������ɛ���ny���-����������K��\}xr$�����i&u�LZ�����Q�l��œ�w�_�zv=��l _�c)f ��f7sef����f�����f?̥�O�R:�saf��4?����jv7�-��Ǔ�@���H�2 �`�UY����Y���V��-��.T:��B��� �b�*,d���. endobj h�b`````2g`d`af�c@ >V �h8����,ƹ���|�EGsGX��Bh!�H8/�$gφ��&R7��hkk`}����B�bPqt&�Z��ĢY�>#@� �n endobj A macroeconomic worksheet on Gross Domestic Product requiring students to: 1.
<> 73 0 obj <>stream Intuitive Econ This worksheet provides students with practice calculating both nominal GDP and Real GDP using the production approach as well as practice calculating the GDP Deflator and inflation.
Calculate nominal GDP for Year 1 and Year 2. <> About This Quiz & Worksheet. If you're seeing this message, it means we're having trouble loading external resources on our website. 36 0 obj <> endobj %PDF-1.5 %����
Good Documentation Practice (GDP) Guideline | 5 2. You are an economist who has been asked to calculate your nation’s GDP, which produces only three goods/services. K���C w= �!/������ߌMBB�+�;E&�<�. GDP … AP® is a registered trademark of the College Board, which has not reviewed this resource. Over time the price level changes (i.e., there is inflation or deflation). To log in and use all the features of Khan Academy, please enable JavaScript in your browser. This lesson introduces students to the basic concepts of gross domestic product (GDP). �Z��)�X�@� Economic indicators and the business cycle.
endstream endobj 37 0 obj <> endobj 38 0 obj <> endobj 39 0 obj <>stream hW�o�8�W��Պ�#��H+$ Discriminate between whether or not a p x��]o�F��@��kMs?H.�� The quiz is a mixture of math problems and definitions.
<>>> 4 0 obj Students will participate in a vocabulary sort activity to assess prior knowledge of GDP and identify the basic components of the expenditure approach to calculating GDP.
0 ... For example, gross domestic product (GDP) is used to measure fluctuations in output.
05 Gross domestic product 5 Abbreviations in 03 and in 04 Calculate: X GDP by taking the following data into account: G 60 I 40 M 150 S 30 T 80 C 240 . If you're seeing this message, it means we're having trouble loading external resources on our website. 3 0 obj ��b� f1�Dă� ��R$�s@�p q*����a3�dFj�� 0 �B5
h�bbd``b`Z$��. Real vs. Nominal GDP Practice KEY Real verse Nominal Values Prices in an economy do not stay the same. Khan Academy is a 501(c)(3) nonprofit organization. Some of the math problems will require you to calculate the rate of real GDP growth. It lays down guidelines for preparation, recording and correction of data and maintenance of records throughout the lifecycle of a document.
Our mission is to provide a free, world-class education to anyone, anywhere. Example calculating real GDP with a deflator. 55 0 obj <>/Filter/FlateDecode/ID[<04B66FE71B1F8B46AC8B5C657A8FD24B>]/Index[36 38]/Info 35 0 R/Length 91/Prev 27727/Root 37 0 R/Size 74/Type/XRef/W[1 2 1]>>stream Introduction and Background This guideline highlights, and in some instances clarifies, the application of data management procedures for all GMP documents. If you're behind a web filter, please make sure that the domains *.kastatic.org and *.kasandbox.org are unblocked. %%EOF Practice what you've learned about real GDP, nominal GDP, and the GDP deflator in this exercise.