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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
64 Views

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

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AP Macroeconomics 1.8 Measurement of Economic Performance 192 Views


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


Transcript

00:00

Thank you and here's your shmoop douceur brought to you

00:05

by the circle of life which is much more of

00:09

an upper than the triangle of death Which equation represents

00:12

how the circular flow model depicts income Why right here

00:17

Potential answers All right well the circular flow of income

00:24

what does that mean How can income be circular Well

00:27

when it works like this yeah able buys a hot

00:30

dog from betty who takes that money and buys a

00:33

banner out on google from candy who takes her google

00:36

commission money and spends it on a trip to manhattan

00:38

where she ends up getting lost and driving in circles

00:41

and then buys a hot dog from abel Okay so

00:46

navigation issues aside the money in this scenario flows in

00:49

a kind of circle circle ish anyway and eventually yeah

00:52

the money flows back to able from hungry manhattan passersby

00:55

who buy more hot dives Well the idea of circular

00:58

flow is that it captures the concept of spending expenditures

01:04

getting the hint here All the rest is just alphabet

01:07

soup and curveballs meant to confuse you But the answer

01:10

is b it's just the sum total of all goods

01:14

and services we produce otherwise known as gdp One person

01:18

spend is another person's income Remember that you know to 00:01:22.529 --> [endTime] say that wait maybe that was bernie madoff

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