AP Unit IX: Macro Intro

1) National income accounts (Scales Unit 9)
a)       Circular flow
b)       Gross domestic product
c)        Components of gross domestic product
d)       Real versus nominal gross domestic product
2) Inflation measurement and adjustment
a)       Price indices
b)       Nominal and real values
c)       Costs of inflation
3) Unemployment
a)        Definition and measurement
b)        Types of unemployment
c)        Natural rate of unemployment

Readings: Module 2, 10, 11, 12, 13, 14, 15, 33, 37, 38

Review Videos
GDP
Real GDP

Growth
Unemployment
Types of Unemployment
Inflation

Handouts
.PDF of Circular Flow

CPI Table

Class notes
Unemployment/Inflation
Unemployment/Inflation #2

Practice
Practice Problems
Practice Problem Form

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