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Chapter 6 Study Guide (password: chapter)

6.0 Introduction to The Macroeconomic Perspective

6.1a GDP Measured by Components of Demand (part a)

6.1b GDP Measured by What is Produced (part b)

6.1c Other Ways to Measure Economic Output (part c)

6.2 Adjusting Nominal Values to Real Values

6.3 Tracking Real GDP over Time

6.4 Comparing GDP among Countries

6.5 How Well GDP Measures the Well-Being of Society

Practice Problems

Answer Key

Problem 1

Problem 2

Problem 3

Problem 4

Problem 5

Problem 6

Problem 7

Problem 8

Problem 9

Problem 10