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Ch 6 GDP Notes

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David Dachpian

The document discusses key macroeconomic concepts including real GDP, economic growth and fluctuations, unemployment, inflation, interest rates, and the role of fiscal and monetary policy. It provides figures and tables illustrating trends in these metrics in the US economy over the 20th century, including business cycles, recessions, and the Great Depression. Government policies aim to stabilize aggregate demand and mitigate economic fluctuations through fiscal and monetary tools.

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Real GDP ,[object Object],[object Object],AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Real GDP (cont’d) ,[object Object],[object Object],AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian Figure 17.1 plots the US real GDP measured in billions of chained 2000 dollars, from 1970-2005.
Real GDP (cont’d) ,[object Object],[object Object],AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
US Real GDP ,[object Object],AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
US Real GDP (cont’d) ,[object Object],[object Object],AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
US Real GDP (cont’d) Figure 17.2 AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Economic Fluctuations ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Economic Fluctuations (cont’d) ,[object Object],[object Object],[object Object],AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Economic Fluctuations (cont’d) ,[object Object],[object Object],AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Economic Fluctuations (cont’d) ,[object Object],AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Economic Fluctuations (cont’d) ,[object Object],AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Economic Fluctuations (cont’d) Table 17.1 AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Economic Fluctuations (cont’d) ,[object Object],[object Object],[object Object],AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Economic Fluctuations (cont’d) ,[object Object],[object Object],AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Economic Fluctuations (cont’d) Figure 17.4 AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Business Cycles ,[object Object],[object Object],[object Object],[object Object],[object Object],AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Unemployment ,[object Object],[object Object],[object Object],AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Unemployment (cont’d) ,[object Object],[object Object],AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Unemployment (cont’d) Figure 17.5 AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Unemployment (cont’d) Figure 17.6 AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Unemployment (cont’d) ,[object Object],AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Unemployment (cont’d) Figure 17.7 AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Inflation ,[object Object],[object Object],AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Inflation (cont’d) Figure 17.8 AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Interest Rates ,[object Object],AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Interest Rates (cont’d) ,[object Object],[object Object],[object Object],AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Interest Rates (cont’d) ,[object Object],[object Object],[object Object],AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Interest Rates (cont’d) ,[object Object],AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Interest Rates (cont’d) Figure 17.9 AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Interest Rates (cont’d) ,[object Object],AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Figure 17.9A 30- Year Conventional Mortgage Rate AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Figure 17.9B Bank Prime Loan Rate AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Figure 17.9C 6- Month Treasury Bill Rate: Secondary Market Rate AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Interest Rates (cont’d) ,[object Object],[object Object],AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Macroeconomic Theory and Policy ,[object Object],[object Object],[object Object],AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Macroeconomic Theory and Policy (cont’d) ,[object Object],[object Object],AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Macroeconomic Theory and Policy (cont’d) ,[object Object],[object Object],AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
Macroeconomic Theory and Policy (cont’d) ,[object Object],[object Object],[object Object],AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
The Role of Government Policy ,[object Object],[object Object],AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
The Role of Government Policy (cont’d) ,[object Object],[object Object],AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
The Role of Government Policy (cont’d) ,[object Object],[object Object],AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian

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Ch 6 GDP Notes

  • 1.
  • 2.
  • 3. AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian Figure 17.1 plots the US real GDP measured in billions of chained 2000 dollars, from 1970-2005.
  • 4.
  • 5.
  • 6.
  • 7. US Real GDP (cont’d) Figure 17.2 AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
  • 8.
  • 9.
  • 10.
  • 11.
  • 12. AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
  • 13.
  • 14. Economic Fluctuations (cont’d) Table 17.1 AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
  • 15.
  • 16.
  • 17. Economic Fluctuations (cont’d) Figure 17.4 AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
  • 18. AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
  • 19.
  • 20. AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
  • 21.
  • 22.
  • 23. Unemployment (cont’d) Figure 17.5 AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
  • 24. Unemployment (cont’d) Figure 17.6 AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
  • 25.
  • 26. Unemployment (cont’d) Figure 17.7 AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
  • 27.
  • 28. Inflation (cont’d) Figure 17.8 AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
  • 29.
  • 30.
  • 31.
  • 32.
  • 33. Interest Rates (cont’d) Figure 17.9 AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
  • 34.
  • 35. Figure 17.9A 30- Year Conventional Mortgage Rate AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
  • 36. Figure 17.9B Bank Prime Loan Rate AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
  • 37. Figure 17.9C 6- Month Treasury Bill Rate: Secondary Market Rate AP Economics – Chapter 6: Measuring Domestic Output and Ntl’ Income Shanghai American School: Mr. Dachpian
  • 38.
  • 39.
  • 40.
  • 41.
  • 42.
  • 43.
  • 44.
  • 45.