Читать книгу The Investment Advisor Body of Knowledge + Test Bank - IMCA - Страница 51

Learning Objectives

■ Define and describe gross domestic product (GDP).

■ Compare and contrast GDP to gross national product (GNP).

■ Discuss the composition of U.S. GDP.

■ Describe implicit price deflators and solve for annualized inflation.

■ Describe the impact of inflation on GDP and discuss real and nominal GDP throughout history.

■ Discuss the history and explain the importance of consumption expenditures on the economy.

■ Discuss the history and explain the importance of investment spending on the economy.

■ Discuss the history and explain the importance of government spending on the economy.

■ Discuss the history and explain the importance of net exports on the economy.

■ Discuss the history and explain the importance of final sales on the economy.

■ Discuss the history and explain the importance of corporate profits on the economy.

■ Describe the output gap and how it impacts an economy's growth and productivity.