ECON 1202 Study Guide - Final Guide: Income Approach, System 6
19 Jul 2018
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Macroeconomics review questions: macroeconomics focuses on 3 macro aggregates to access the health of an economy, in ation rate, unemployment rate, real gdp, gdp per capita (aka. If demand is high for a prolonged period of time inventories , boom! 99: wheat, flour, bread (wholesale, bread (retail, two ways to measure gdp. Gdp = c + ig + xn + g: net investment. Gdp = ndi + net indirect taxes + depreciation. Ndi = wages + pro ts + interest and investment income + net income of farmers and incorporated businesses. Indirect taxes = coperate business taxes, custom duties etc. Pi = income received (earned and unearned: disposable income > the income you have left after you get taxed, allowing you to do what ever you want with it. Savings = di - consumption: net foreign investment (nfi) = foreign investment income earned - foreign investment income paid.
