About This Chapter
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
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.
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.
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?
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?
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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Other chapters within the College Macroeconomics: Homework Help Resource course
- Homework Help for Scarcity, Choice & the Production Possibilities Curve
- Comparative Advantage, Specialization and Exchange: Homework Help
- Demand, Supply and Market Equilibrium: Homework Help
- Inflation Measurement and Adjustment: Homework Help
- Understanding Unemployment: Homework Help
- Aggregate Demand and Supply: Homework Help
- Macroeconomic Equilibrium: Homework Help
- Inflation and Unemployment: Homework Help
- Economic Growth and Productivity: Homework Help
- Money, Banking, and Financial Markets: Homework Help
- Central Bank and the Money Supply: Homework Help
- Fiscal and Monetary Policies: Homework Help
- Foreign Exchange and the Balance of Payments: Homework Help
- Inflows, Outflows, and Restrictions: Homework Help