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Mar 9 2008, 10:00 AM EDT (current) welkerjason 20 words added
Mar 3 2008, 8:45 AM EST welkerjason

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Click on each chapter's name to visit its wiki page:
Chapter 6 - Measuring Domestic Output, National Income, and the Price Level: In this chapter you will learn...
  • How gross domestic product (GDP) is defined and measured.
  • The relationships among GDP, net domestic product, national income, personal income, and disposable income.
  • The nature and function of a GDP price index.
  • The difference between nominal GDP and real GDP.
  • Some limitations of the GDP measure.

Chapter 7 - Introduction to Economic Growth and Instability: In this chapter you will learn:
  • How economic growth is measured and why it is important.
  • About the business cycle and its primary phases.
  • How unemployment and inflation are measured.
  • About the types of unemployment and inflation and their various economic impacts.

  • Macro Unit 1 AP Econ in the News: Here you can post links to articles relating to the content from this unit. Be sure to include a short summary of your article, explaining how it relates to your AP course.
  • Student Thought Forum: Scroll down to the Forum at the bottom of this page and click on one of the "threads" that have been started for this Unit. Read the comments of your classmates, and respond to one that you find interesting.