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Ch. 4 & 5: GDP, Unemployment, and Inflation
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Circular Flow Diagram
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01:32
Households and Firms
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04:20
The Circular Flow Diagram
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Expenditure Approach for Measuring GDP
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02:31
Calculating GDP Using the Expenditure Approach
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Detailed Explanation of GDP Components
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02:12
Government Purchases and Net Exports
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02:38
Consumption
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02:01
Investment
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Nominal GDP and Real GDP
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09:15
Nominal GDP and Real GDP
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03:04
Inflation and the GDP Deflator
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Shortcomings of GDP
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02:21
Shortcomings of GDP
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Labor Force and Unemployment
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04:35
Problems with Measuring Unemployment
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05:58
Labor Force and Unemployment
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Types of Unemployment
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05:44
Frictional, Structural, and Cyclical Unemployment
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02:44
Definition of Full Employment
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Inflation and Consumer Price Index (CPI)
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08:35
Calculating CPI and Inflation Rate
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04:40
Consumer Price Index (CPI)
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03:34
Inflation
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