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Ch 4: Measuring the Economy: Homework Help

About This Chapter

The Measuring the Economy chapter of this College-Level Principles of Macroeconomics Homework Help course helps students complete their measuring the economy homework and earn better grades. This homework help resource uses simple and fun videos that are about five minutes long.

How it works:

  • Identify which concepts are covered on your measuring the economy homework.
  • Find videos on those topics within this chapter.
  • Watch fun videos, pausing and reviewing as needed.
  • Complete sample questions and get instant feedback.
  • Finish your measuring the economy homework with ease!

Topics from your homework you'll be able to complete:

  • Circular flow of economic activity
  • Gross domestic product
  • Investment vs. investments in economics

16 Lessons in Chapter 4: Measuring the Economy: Homework Help
Test your knowledge with a 30-question chapter practice test
Circular Flow of Economic Activity: The Flow of Goods, Services & Resources

1. Circular Flow of Economic Activity: The Flow of Goods, Services & Resources

Learn about the simple model used to describe where money goes and what it is exchanged for in a market economy. The circular flow model of economic activity shows you the basic relationships between households, firms and the government.

Gross Domestic Product: Using the Income and Expenditure Approaches

2. Gross Domestic Product: Using the Income and Expenditure Approaches

In this lesson, you will learn how economists measure gross domestic product using two different methods - the income approach and the expenditure approach.

Gross Domestic Product: Definition and Components

3. Gross Domestic Product: Definition and Components

Learn how economists measure the total production of an economy using gross domestic product (GDP). This lesson also outlines the components that make up a GDP. How do we calculate the economic value of a nation?

Gross Domestic Product: Items Excluded from National Production

4. Gross Domestic Product: Items Excluded from National Production

In this lesson, you'll gain a better understanding of what the gross domestic product is by exploring things that are excluded from it. Why do we count some items in the GDP but not others?

Investment vs. Investments in Economics

5. Investment vs. Investments in Economics

Discover the important difference between investment in economics and investments that individuals make by saving out of their income. This lesson defines and outlines the basic components of gross private domestic investment.

National Income Accounting in Economics: Definition, Uses & Equation

6. National Income Accounting in Economics: Definition, Uses & Equation

In this lesson, we will look at national income accounting in economics. We will define it and learn how economists measure it, then we will wrap up with a list of uses for national income accounting and a summary.

Neoclassical Economics: Definition, Theory & Model

7. Neoclassical Economics: Definition, Theory & Model

This lesson discusses neoclassical economics, its history, tenets, and assumptions as well as its application to today's global economics. After reviewing, complete the short quiz to test your understanding.

Net Domestic Product: Definition & Formula

8. Net Domestic Product: Definition & Formula

In this lesson, we will discuss a method that is used to measure the health of an economy known as the net domestic product. We will define the concept, analyze its components and review the formula used to determine net domestic product.

What Is Cross Elasticity? - Definition & Formula

9. What Is Cross Elasticity? - Definition & Formula

In this lesson, we will learn about cross elasticity. We will define the term and learn how to measure it with a basic formula, as well as discussing other key terms such as substitutes and complements, before closing with a brief quiz.

What Is Cultural Capital? - Definition, Examples & Theory

10. What Is Cultural Capital? - Definition, Examples & Theory

In this lesson, we break down the concept of cultural capital to see how it influences an individual's success and social mobility as compared to financial capital. We also look at celebrities as examples of social mobility and take a look at the theory behind this concept.

What Is Disposable Income? - Definition & Explanation

11. What Is Disposable Income? - Definition & Explanation

Most businesses need customers with disposable income and also need disposable income themselves to grow. In this lesson, you'll learn what disposable income is and discover some important related concepts. A short quiz will follow.

What is Positive Economics? - Definition, Methodology & Examples

12. What is Positive Economics? - Definition, Methodology & Examples

Learn about the difference between the science and the art of economics. Find out the difference between positive and normative economics and why it is important to distinguish between them.

What is the National Budget? - Definition, History & Process

13. What is the National Budget? - Definition, History & Process

The United States budget is probably the most complicated budget created in the United States if not the world. In this lesson, you'll learn about the federal budget, its history, and the budgeting process.

What is an Economic Trend? - Definition & Overview

14. What is an Economic Trend? - Definition & Overview

Buying groceries or borrowing money are just two ways economic trends play a part in our daily lives. In this lesson, we will look at a few of the most significant economic trends to understand how they affect us.

What is Economy? - Definition & Types

15. What is Economy? - Definition & Types

We hear about the economy all the time, but what exactly is an economy? In this lesson, you'll learn about what an economy is and different types of economic systems.

What Is Inflation Rate? - Definition & Formula

16. What Is Inflation Rate? - Definition & Formula

Have you ever heard about inflation on the news? Ever wonder how inflation is calculated? In this lesson, you'll learn what the inflation rate is and how to calculate it. You'll also have a chance to take a short quiz.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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