Friday, October 11, 2013

Agenda 10/11/13

1.   Bell Task:   Distinguish between the following:

GDP
GNP (GNI)

Why is it important to measure GDP?
Why might we want to use GDP instead of GNP?
List your guess of top 10 GDP/capita countries.

Why would you expect an LDC to have GDP>GNP?

2.  Measuring National Income
3.  The Business Cycle
4.  HW:  Read thru 179

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