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Macroeconomics Exam 1 Study Guide: GDP, Unemployment, Inflation, and Economic Growth

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Expenditure Approach for Measuring GDP

  • Guided course
    Calculating GDP Using the Expenditure Approach
    02:31

Detailed Explanation of GDP Components

  • Guided course
    Government Purchases and Net Exports
    02:12
  • Guided course
    Consumption
    02:38
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    Investment
    02:01

Shortcomings of GDP

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    Shortcomings of GDP
    02:21

Nominal GDP and Real GDP

  • Guided course
    Nominal GDP and Real GDP
    09:15
  • Guided course
    Inflation and the GDP Deflator
    03:04

Labor Force and Unemployment

  • Guided course
    Problems with Measuring Unemployment
    04:35
  • Guided course
    Labor Force and Unemployment
    05:58

Types of Unemployment

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    Frictional, Structural, and Cyclical Unemployment
    05:44
  • Guided course
    Definition of Full Employment
    02:44

Unemployment: Minimum Wage Laws and Efficiency Wages

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    Unemployment: Efficiency Wages
    02:18
  • Guided course
    Unemployment: Minimum Wage Laws
    04:58

Growth Rates and the Rule of 70

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    Growth Rates and the Rule of 70
    02:50
  • Guided course
    Growth Rates and the Rule of 70
    05:47

Institutions that Promote Economic Growth

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    Role of Government in Economic Growth
    08:45

Investment, Savings, and the Financial System

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    Investment and Savings
    02:01
  • Guided course
    The Financial System
    02:10

Savings Equal Investment

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    National Savings, Private Savings, and Public Savings
    04:53
  • Guided course
    Saving Equals Investment
    07:48
  • Guided course
    Savings Equals Investment in an Open Economy
    03:56

Market for Loanable Funds

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    Market for Loanable Funds
    04:42

Shifts in the Market for Loanable Funds

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    Demand Shifts in the Market for Loanable Funds
    06:56
  • Guided course
    Supply Shifts in the Market for Loanable Funds
    06:16

Business Cycles and Their Characteristics

  • Guided course
    Business Cycle Characteristics
    01:46
  • Guided course
    Causes of Business Cycles
    04:18
  • Guided course
    Key Ideas of the Business Cycle
    02:33