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Measurement of Economic Performance Videos 6 videos

AP Macroeconomics 1.8 Measurement of Economic Performance
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AP Macroeconomics 1.8 Measurement of Economic Performance. Which equation represents how the circular flow model depicts income (Y)?

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

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

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AP Macroeconomics 1.4 Measurement of Economic Performance 23 Views


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

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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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