AB 204 Unit 4 National Income Determination

AB 204 Unit 4: National Income Determination

Unit 4: National Income Determination – Discussion

General Information:

To be an effective learning tool the Discussion Board topics require your active discussion of the topic with at least two of your classmates.

First post made during, or before, Saturday.

Posts on at least 3 different days.

Responses to at least two other classmates.

Substantive posts that stimulate further active discussion, posts that accurately reflects the learning, that are logical, and clearly presented with correct spelling, word usage, and grammar.

To be counted as a substantial post, your main post to the Discussion topics should be at least 200 words per Discussion topic.

National Income Determination (GDP)

The Discussion topics focus on how a nation’s income is measured using the Gross Domestic Product (GDP), and the specific areas of discussion include the various components of the GDP, the difference between nominal and real GDP, GDP and business cycles, and the limitations of the GDP in measuring economic welfare.

Respond to two of the following Discussion topics. Read Chapter 10, and remember to include references and links to the websites that you feel are important contributors to your posts (comments).

Unit 4

Hello Everyone,
The major components of the USA GDP is consumption, investment, government purchases, and net exports. According to (Mankiw, 2015)
  consumption is the amount households spend on good and services such as the everyday essentials, household necessities and landscaping. Investments are goods purchased to use at a later time to produce more goods and services such as buying equipment for your business to allow the production of goods or to provide services. Government purchases are spending  on goods and services by local, state, and federal governments such as salaries of government employees and public works.Net exports are spending on domestically produced goods by other countries by buying goods from other countries to sell in this country. 

The difference between the real GDP and the nominal GDP is the way it is calculated. Real GDP is calculated using constant price values of the production of goods and services and the nominal GDP uses the current price values to calculate the production of goods and services.The real GDP shows how the business cycle is doing. If the Real GDP is high the market is doing well if it is low then the markets will not be doing well.

Denise
                                                                                                                     Reference

Mankiw, N. G. (2015). Principles of Macroeconomics, 7th Edition. [Kaplan]. Retrieved from https://kaplan.vitalsource.com/#/books/9781305156067/

Unit 5: Unemployment and the Cost of Living – Discussion

General Information:

To be an effective learning tool the Discussion Board topics require your active discussion of the topic with at least two of your classmates.

First post made during, or before, Saturday.

Posts on at least 3 different days.

Responses to at least two other classmates.

Substantive posts that stimulate further active discussion, posts that accurately reflects the learning, that are logical, and clearly presented with correct spelling, word usage, and grammar.

To be counted as a substantial post, your main post to the Discussion topics should be at least 200 words per Discussion topic.

Effects of Unemployment and Inflation

The Discussion topics focus on how to measure the cost of living and rate of unemployment in the economy, and specific discussion areas include the various forms of unemployment and how they are measured, debates on measuring unemployment rate, and the imperfections of official unemployment rate. Moreover, consumer price index (CPI), rate of inflation, and their impacts on the cost of living will be discussed.

Respond to two of the following Discussion topics. Read Chapters 11 and 15, and remember to include references and links to the websites that are important contributors to your posts (comments).