GDP and Economic Growth Continued

Today we continued our examination of GDP and economic growth. We learned to adjust GDP for changes in prices over time and and between countries. We also talked about how to measure economic growth and concluded with a discussion of what causes economic growth.

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This course covers macroeconomics. Course 1A and 1B may be taken in either order. Analysis of the economy as a whole; determinants of the level of income, employment and prices; money and banking, economic fluctuations, international trade, economic development; the role of public policy.