{"id":278,"date":"2015-05-03T03:27:24","date_gmt":"2015-05-03T03:27:24","guid":{"rendered":"https:\/\/pressbooks.ccconline.org\/accmacro\/chapter\/learning-outcome-calculating-gdp\/"},"modified":"2023-07-14T19:07:21","modified_gmt":"2023-07-14T19:07:21","slug":"learning-outcome-calculating-gdp","status":"publish","type":"chapter","link":"https:\/\/pressbooks.ccconline.org\/accmacro\/chapter\/learning-outcome-calculating-gdp\/","title":{"raw":"Outcome: Calculating GDP","rendered":"Outcome: Calculating GDP"},"content":{"raw":"<h2>What you'll learn to do: explain GDP, including what it measures and what it excludes<\/h2>\nGDP. You've heard of it before, but what it is? In this section, you\u00a0will learn to define the Gross Domestic Product and see\u00a0how economists are able to calculate the value of all of the goods and services produced within a country during a year.\n\nThe specific things you\u2019ll learn in this section include:\n<ul>\n\t<li>Explain the expenditure approach to calculating GDP<\/li>\n\t<li>Explain the national income approach to calculating GDP<\/li>\n<\/ul>\n<h3>LEARNING ACTIVITIES<\/h3>\nThe learning activities for this section include:\n<ul>\n\t<li>Reading: Calculating GDP<\/li>\n\t<li>Reading: Measuring Total Output<\/li>\n\t<li>Self Check: Calculating GDP<\/li>\n<\/ul>\nTake time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.","rendered":"<h2>What you&#8217;ll learn to do: explain GDP, including what it measures and what it excludes<\/h2>\n<p>GDP. You&#8217;ve heard of it before, but what it is? In this section, you\u00a0will learn to define the Gross Domestic Product and see\u00a0how economists are able to calculate the value of all of the goods and services produced within a country during a year.<\/p>\n<p>The specific things you\u2019ll learn in this section include:<\/p>\n<ul>\n<li>Explain the expenditure approach to calculating GDP<\/li>\n<li>Explain the national income approach to calculating GDP<\/li>\n<\/ul>\n<h3>LEARNING ACTIVITIES<\/h3>\n<p>The learning activities for this section include:<\/p>\n<ul>\n<li>Reading: Calculating GDP<\/li>\n<li>Reading: Measuring Total Output<\/li>\n<li>Self Check: Calculating GDP<\/li>\n<\/ul>\n<p>Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.<\/p>\n","protected":false},"author":32,"menu_order":136,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-278","chapter","type-chapter","status-publish","hentry"],"part":271,"_links":{"self":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/users\/32"}],"version-history":[{"count":1,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/278\/revisions"}],"predecessor-version":[{"id":279,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/278\/revisions\/279"}],"part":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/parts\/271"}],"metadata":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/278\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/media?parent=278"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapter-type?post=278"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/contributor?post=278"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/license?post=278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}