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AP Macroeconomics Videos 6 videos

AP Macroeconomics 1.1 Measurement of Economic Performance
64 Views

AP Macroeconomics 1.1 Measurement of Economic Performance. How do we measure net Domestic Product?

AP Macroeconomics 1.2 Measurement of Economic Performance
20 Views

AP Macroeconomics 1.2 Measurement of Economic Performance. What is inflation?

AP Macroeconomics 1.6 Measurement of Economic Performance
30 Views

AP Macroeconomics 1.6 Measurement of Economic Performance. Which is true of the basic two sector economy in the circular flow of income model?

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AP Macroeconomics 1.4 Measurement of Economic Performance 23 Views


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Description:

AP Macroeconomics 1.4 Measurement of Economic Performance. Which is not a measure of economic performance?

Language:
English Language

Transcript

00:04

And here's your shmoop du jour brought to you by the

00:06

unemployment rate there was a guy in charge of tracking it but well he got [Man firing employee]

00:11

laid off which is not a measure of economic performance and here the

00:15

potential answers all right we got change with the increased decrease all [Answers appear]

00:18

that stuff so we're talking about economic performance not performance in

00:22

the 200 meter fly at the Olympics not the performance of your cars turbo [Smashed up car driving]

00:25

engine and enough performance you know anywhere else but economic performance

00:30

like how is money flowing and in this question we're being given four things [People riding a boat and money floating in river]

00:34

that are about economic performance and one that isn't start with a and while

00:39

we're at it include D well a change in unemployment rate whether cyclically

00:44

adjusted or not is a direct result of different economies befalling whoever's [Man firing employee]

00:49

getting fired meaning that stat is all about economic performance [Money blown away]

00:53

so the answer ain't a or D...B) decrease in nominal GDP well that's a sad and

00:59

totally economic performance-based statistic when GDP goes down it means

01:04

less dough is changing hands and the economy is making a sucking sound. E) if [Person making dough]

01:09

GDP goes up it means more dough is changing hands just like a decrease in

01:14

nominal GDP this is an economic event money movement is dictating it so that [Cash falling from sky]

01:20

leaves us just with C) a change in the discount rate well this is a number that

01:25

a bunch of egghead economist in a room the 50 feet below the ground somewhere

01:29

on the East Coast sit around and debate they try to figure out whether the [Women in a meeting in discussion]

01:33

economy needs more juice or less for its early morning run setting the discount

01:38

rate high means discounting money a lot that makes money cheap to borrow and [Women shake hands]

01:43

kind of primes the pump and pushes people to transact it isn't however an

01:48

economic performer alone it's more of a reactor to economic performance but you

01:53

have to ask the eggheads for their rationale for when they make this number [Egg heads sitting around meeting table]

01:56

high or low or maybe you want to be one of them

02:00

day or maybe not [Egg head man with cracked head on the floor]

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