Y1 - ECON100: Economic Essentials for Business

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Summary

Week 6

Radboud Universiteit · Communicatiewetenschap

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Week 6
Chapter 13 GDP: Measuring total production, income and economic..
Gross Domestic Product Measures Total Production
Does GDP measure what we want it to?
Real GDP vs. Nominal GDP
Calculating the Economic Growth Rate
Long run Economic Growth is the Key to Rising Living Standards
Chapter 14 Unemployment and inflation
Unemployment rate and the labour force rate
Costs of unemployment
Types of unemployment
Measuring inflation
What causes inflation

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