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Graphically express a direct and an inverse or negative relationship. What could cause a shift in a line or curve expressing a relationship between two variables?
Percentage Change
A mathematical calculation that shows how much a quantity has increased or decreased in comparison to its previous value, expressed as a percentage.
Real GDP
measures the value of all final goods and services produced within a country's borders in a given time period, adjusted for inflation.
GDP Measures
Various methods of calculating the Gross Domestic Product, such as the expenditure approach, income approach, and production (or output) approach.
GDP Deflator
An evaluation system for the cost of all new, nationally generated, final goods and services within an economic context.
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