ECONOMICS 1B
LEARNING UNIT 5
PERFORMANCE OF THE
ECONOMY
COMPREHENSIVE MASTER STUDY GUIDE · VISUAL EDITION
Combined from BOTH uploaded LU5 sources, with lecturer visuals integrated
throughout.
ONLY THE TWO UPLOADS: LU 5 - Performance of the economy.pptx and LU 5.pdf. The PDF pages and
embedded PPTX visuals are lecturer-source material, not outside content.
PMAC5112 · Economics 1B · LU5 Performance of the Economy Page 1
, CONTENTS
1 MACROECONOMIC PERFORMANCE & FIVE OBJECTIVES
2 GDP: LEVEL OF ECONOMIC ACTIVITY
3 THREE METHODS OF CALCULATING GDP
4 VALUE ADDED & PRICE CONCEPTS
5 CURRENT VS CONSTANT PRICES; NOMINAL VS REAL GDP
6 GNI, PRIMARY INCOME & NNI
7 EXPENDITURE ON GDP & GDE
8 EMPLOYMENT & UNEMPLOYMENT
9 CPI & PURCHASING POWER
10 BALANCE OF PAYMENTS
11 INEQUALITY: LORENZ, GINI & QUANTILE/QUINTILE RATIO
PMAC5112 · Economics 1B · LU5 Performance of the Economy Page 2
, 1 MACROECONOMIC PERFORMANCE & FIVE OBJECTIVES
Macroeconomics looks at the economy as a whole. The five objectives are economic growth, full employment, price
stability, balance of payments stability and equitable distribution of income. The key measures supplied are real GDP
growth, the unemployment rate, CPI, BOP, and the Lorenz curve/Gini coefficient/quantile ratio.
LU 5 PDF — source page 2
LU 5 PDF — source page 3
PMAC5112 · Economics 1B · LU5 Performance of the Economy Page 3
LEARNING UNIT 5
PERFORMANCE OF THE
ECONOMY
COMPREHENSIVE MASTER STUDY GUIDE · VISUAL EDITION
Combined from BOTH uploaded LU5 sources, with lecturer visuals integrated
throughout.
ONLY THE TWO UPLOADS: LU 5 - Performance of the economy.pptx and LU 5.pdf. The PDF pages and
embedded PPTX visuals are lecturer-source material, not outside content.
PMAC5112 · Economics 1B · LU5 Performance of the Economy Page 1
, CONTENTS
1 MACROECONOMIC PERFORMANCE & FIVE OBJECTIVES
2 GDP: LEVEL OF ECONOMIC ACTIVITY
3 THREE METHODS OF CALCULATING GDP
4 VALUE ADDED & PRICE CONCEPTS
5 CURRENT VS CONSTANT PRICES; NOMINAL VS REAL GDP
6 GNI, PRIMARY INCOME & NNI
7 EXPENDITURE ON GDP & GDE
8 EMPLOYMENT & UNEMPLOYMENT
9 CPI & PURCHASING POWER
10 BALANCE OF PAYMENTS
11 INEQUALITY: LORENZ, GINI & QUANTILE/QUINTILE RATIO
PMAC5112 · Economics 1B · LU5 Performance of the Economy Page 2
, 1 MACROECONOMIC PERFORMANCE & FIVE OBJECTIVES
Macroeconomics looks at the economy as a whole. The five objectives are economic growth, full employment, price
stability, balance of payments stability and equitable distribution of income. The key measures supplied are real GDP
growth, the unemployment rate, CPI, BOP, and the Lorenz curve/Gini coefficient/quantile ratio.
LU 5 PDF — source page 2
LU 5 PDF — source page 3
PMAC5112 · Economics 1B · LU5 Performance of the Economy Page 3
