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Summary AP Macroeconomics Unit 2 Vocabulary — Economic Indicators and the Business Cycle

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AP Macroeconomics Unit 2 study guide covering Economic Indicators and the Business Cycle, fully aligned with the official College Board framework. The document is organized into structured tables covering GDP and national output (including nominal vs. real GDP, the circular flow model, GDP deflator, potential GDP, intermediate goods, and transfer payments), employment metrics (such as labor force definitions, frictional, structural, and cyclical unemployment, the natural rate of unemployment, discouraged workers, and underemployment), and inflation alongside business cycle dynamics (including CPI, menu costs, deflation, and recessionary or inflationary gaps). Concise, clear definitions for key terms make this guide an ideal resource for quick review, unit exam prep, and AP exam study.

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AP HUMAN GEOGRAPHY
UNIT 2 VOCABULARY
Population and Migration Patterns and Processes

26 essential terms, organized by topic and aligned to the official College Board framework.




Population Measurement & Structure
Term Definition

Population The pattern of where people live across a given area.
distribution

Arithmetic density Total population divided by total land area.

Physiological Total population divided by arable (farmable) land area — shows pressure on food-
density producing land.

Agricultural density The number of farmers divided by arable land area — shows farming efficiency.

Carrying capacity The maximum population a given environment can sustainably support.

Population pyramid A graph displaying a population's age and sex composition, used to visualize growth
trends.

Dependency ratio The ratio of the non-working-age population (under 15 and over 64) to the working-
age population.

Zero Population A state in which a population's birth rate roughly equals its death rate, resulting in
Growth (ZPG) little to no natural growth.



Growth, Decline & the DTM
Term Definition

Demographic A model showing how birth and death rates change as a country moves through five
Transition Model stages of economic development.
(DTM)

Crude Birth Rate The number of live births per 1,000 people per year.
(CBR)

Crude Death Rate The number of deaths per 1,000 people per year.
(CDR)

Rate of Natural Population growth based only on births and deaths, excluding migration; calculated
Increase (RNI/NIR) as (CBR − CDR) ÷ 10.

Total Fertility Rate The average number of children a woman would have in her lifetime at current birth

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