Oct 31
Post date: Oct 31, 2012 8:01:03 PM
Here is what you need to know for Friday's test.
Expanded Circular Flow Diagram
How to calculate GDP in simple economy both nominal and real
What counts and what doesn’t in GDP
How to calculate unemployment rate
Definition of labor force
The three different types of unemployment
Natural rate of umemployment
Inflation
Deflation
Who does unanticipated inflation help and hurt
Price indexes and how to use them
Calculating price index using a base year