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202 lecture 2

by Gale Pooley, Owner/ President at Analytix Appraisal Group on Feb 02, 2014

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202 lecture 2Presentation Transcript

• ECO 202 Macroeconomics
• GDP Gross Domestic Product The market value of all ﬁnal goods and services produced in a country in a given time
• GDP Per Capita = GDP Population
• GDP Deﬂator What something would sell for
• Market Value One Apple plus One Orange = Three Riyals
• All Everything except... Stuff you don’t sell
• Final Intermediate Final
• Intermediate Final
• Goods and Services
• Goods Services
• Produced New Stuff Does not include the sale of used goods
• Within a Country
• Only production within Saudi Arabia
• In a given period of time Year Y/Y Quarter Q/Q Annualized: Q x 4
• Percentage Change new number - old number old number
• This Year - Last Year Last Year This Year = 75 Last Year = 60 Percentage Change?
• 75 - 60 60 15 60 .25 or 25%
• How do you calculate GDP?
• GDP = C = Consumption I = Investment G = Government X = Exports M = Imports
• GDP = C + I + G + (X - M)
• Consumption Spending by households on goods and services, except new housing
• Investment Spending on capital equipment, inventories, and structures, including new housing
• Government Spending on goods and services from local, state, and federal governments.
• Net Exports Exports minus imports
• Net Exports Foreigners buying exports minus domestic residents buying foreign goods
• What is GDP? C = 105 I = 40 G = 25 X = 30 M= 20
• What is GDP? C = 105 I = 40 G = 25 E = 30 I = 20
• GDP = C + I + G + (X - M) = 105 + 40 + 25 +(30-20) = 105 + 40 + 25 +10 = 180