Introduction to principles of macroeconomics/measures/E-activity-start

Challenge summary

Summary:	Goals, measures, and challenges
	1 - 2 hours
	Need to decide if e-Tivities will be linked to assessment

Digging deeper the basic principles of macroeconomics.

Start here

Stimulus resources

1. Re-watch the measurse video.
2. Re-read Principles of Macroeconomics: "Chapter 6: Measuring Total Output and Income"
3. Re-watch the nominal and real GDP video

Purpose

Now we'll take a closer look at some of what we just covered about goals, measures, and challenges in macroeconomics. The idea is that you get to tie together some of the threads from the content you have looked at early in this module. The purpose of this learning challenge is to:

• Demonstrate your knowledge of the different measurements of GDP
• Make you think about how different economic activities can effect the GDP.
• Think about intermediate and final goods.