Chapter 4: GDP and Measurements of Production
Chapter Outline
4.0 Introduction
4.1 GDP Measured by Components of Demand
4.2 Value Added Approach
4.3 Goods not in GDP
4.4 Income Approach to measuring GDP
4.5 Nominal and Real GDP
4.6 GDP Deflator
4.7 GNP – An alternative measure of Output
4.8 Business Cycles
4.9 GDP and Human Happiness
4.10 Key Terms
