Ch 42: MTEL Business: Business Cycle, GDP & Growth in Macroeconomics

About This Chapter

Review the fun video lessons in this chapter to get reacquainted with the business cycle, GDP and growth in macroeconomics. Lesson quizzes are available to test your understanding of the subject areas as you study for the MTEL Business assessment.

MTEL Business: Business Cycle, GDP & Growth in Macroeconomics - Chapter Summary

In this chapter are lessons designed to prepare you for questions on the MTEL Business assessment related to the business cycle, GDP and growth in macroeconomics. Watching the videos will ensure you're able to:

  • Discuss the business cycle and performance over time
  • Share the definitions of and differences between recession and depression
  • Provide the meaning and components of gross domestic product (GDP)
  • Explain economic growth and examine the process of raising a nation's potential output
  • Describe economic productivity and growth policy

Instructors present the lessons in an engaging manner that makes studying for the exam fun and easy. They provide you with the definitions and examples you need to fully comprehend the business cycle, GDP and more.

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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Other Chapters

Other chapters within the MTEL Business (19): Practice & Study Guide course