Macroeconomics: Economic problems encountered by the nation as a whole. Microeconomics: Economic problems faced by individual units within the overall economy. Factors of Production Land: Natural resources. Capital: Tools which can produce consumer goods. Labor: Human capital(labor with training & skill...
MACROeconomics- Study of the large economy as a whole or in its basic subdivisions (National Economic Growth, Government Spending, Inflation, Unemployment, etc.) Positive vs. Normative Positive Statements- Based on facts. Avoids value judgements (what is). Normative Statements- Includes value ...
productivity-the output produced by an input or resource. Generally, it is measured as the additional product that is produced by adding one more unit of input to the productive process (also called the marginal product of the resource). marginal revenue product (MRP)-the value to a resource ...
AP Calculus AB & Macroeconomics Book Recommendations I'm taking the AP class on calculus AB, and I want to order a book. Anyone would recommend one? I think the Princeton Review is the best one, but the Kaplan's and Barron's seems good too, so any opinion would help. Also I'm taki...
In addition to AP Comparative Government and Politics, she also teaches AP United States Government and Politics, AP United States History, and AP Macroeconomics, and has also taught classes in law. Karen has graded AP Government and Politics Exams for many years, serving as a Reader, Table ...