\documentclass[10pt,a4paper]{article} % Packages \usepackage{fancyhdr} % For header and footer \usepackage{multicol} % Allows multicols in tables \usepackage{tabularx} % Intelligent column widths \usepackage{tabulary} % Used in header and footer \usepackage{hhline} % Border under tables \usepackage{graphicx} % For images \usepackage{xcolor} % For hex colours %\usepackage[utf8x]{inputenc} % For unicode character support \usepackage[T1]{fontenc} % Without this we get weird character replacements \usepackage{colortbl} % For coloured tables \usepackage{setspace} % For line height \usepackage{lastpage} % Needed for total page number \usepackage{seqsplit} % Splits long words. %\usepackage{opensans} % Can't make this work so far. Shame. Would be lovely. \usepackage[normalem]{ulem} % For underlining links % Most of the following are not required for the majority % of cheat sheets but are needed for some symbol support. \usepackage{amsmath} % Symbols \usepackage{MnSymbol} % Symbols \usepackage{wasysym} % Symbols %\usepackage[english,german,french,spanish,italian]{babel} % Languages % Document Info \author{GSarkar} \pdfinfo{ /Title (economics-unit-9-module-10.pdf) /Creator (Cheatography) /Author (GSarkar) /Subject (Economics Unit 9 Module 10 Cheat Sheet) } % Lengths and widths \addtolength{\textwidth}{6cm} \addtolength{\textheight}{-1cm} \addtolength{\hoffset}{-3cm} \addtolength{\voffset}{-2cm} \setlength{\tabcolsep}{0.2cm} % Space between columns \setlength{\headsep}{-12pt} % Reduce space between header and content \setlength{\headheight}{85pt} % If less, LaTeX automatically increases it \renewcommand{\footrulewidth}{0pt} % Remove footer line \renewcommand{\headrulewidth}{0pt} % Remove header line \renewcommand{\seqinsert}{\ifmmode\allowbreak\else\-\fi} % Hyphens in seqsplit % This two commands together give roughly % the right line height in the tables \renewcommand{\arraystretch}{1.3} \onehalfspacing % Commands \newcommand{\SetRowColor}[1]{\noalign{\gdef\RowColorName{#1}}\rowcolor{\RowColorName}} % Shortcut for row colour \newcommand{\mymulticolumn}[3]{\multicolumn{#1}{>{\columncolor{\RowColorName}}#2}{#3}} % For coloured multi-cols \newcolumntype{x}[1]{>{\raggedright}p{#1}} % New column types for ragged-right paragraph columns \newcommand{\tn}{\tabularnewline} % Required as custom column type in use % Font and Colours \definecolor{HeadBackground}{HTML}{333333} \definecolor{FootBackground}{HTML}{666666} \definecolor{TextColor}{HTML}{333333} \definecolor{DarkBackground}{HTML}{A38110} \definecolor{LightBackground}{HTML}{F9F7F0} \renewcommand{\familydefault}{\sfdefault} \color{TextColor} % Header and Footer \pagestyle{fancy} \fancyhead{} % Set header to blank \fancyfoot{} % Set footer to blank \fancyhead[L]{ \noindent \begin{multicols}{3} \begin{tabulary}{5.8cm}{C} \SetRowColor{DarkBackground} \vspace{-7pt} {\parbox{\dimexpr\textwidth-2\fboxsep\relax}{\noindent \hspace*{-6pt}\includegraphics[width=5.8cm]{/web/www.cheatography.com/public/images/cheatography_logo.pdf}} } \end{tabulary} \columnbreak \begin{tabulary}{11cm}{L} \vspace{-2pt}\large{\bf{\textcolor{DarkBackground}{\textrm{Economics Unit 9 Module 10 Cheat Sheet}}}} \\ \normalsize{by \textcolor{DarkBackground}{GSarkar} via \textcolor{DarkBackground}{\uline{cheatography.com/76104/cs/18825/}}} \end{tabulary} \end{multicols}} \fancyfoot[L]{ \footnotesize \noindent \begin{multicols}{3} \begin{tabulary}{5.8cm}{LL} \SetRowColor{FootBackground} \mymulticolumn{2}{p{5.377cm}}{\bf\textcolor{white}{Cheatographer}} \\ \vspace{-2pt}GSarkar \\ \uline{cheatography.com/gsarkar} \\ \end{tabulary} \vfill \columnbreak \begin{tabulary}{5.8cm}{L} \SetRowColor{FootBackground} \mymulticolumn{1}{p{5.377cm}}{\bf\textcolor{white}{Cheat Sheet}} \\ \vspace{-2pt}Not Yet Published.\\ Updated 14th February, 2019.\\ Page {\thepage} of \pageref{LastPage}. \end{tabulary} \vfill \columnbreak \begin{tabulary}{5.8cm}{L} \SetRowColor{FootBackground} \mymulticolumn{1}{p{5.377cm}}{\bf\textcolor{white}{Sponsor}} \\ \SetRowColor{white} \vspace{-5pt} %\includegraphics[width=48px,height=48px]{dave.jpeg} Measure your website readability!\\ www.readability-score.com \end{tabulary} \end{multicols}} \begin{document} \raggedright \raggedcolumns % Set font size to small. Switch to any value % from this page to resize cheat sheet text: % www.emerson.emory.edu/services/latex/latex_169.html \footnotesize % Small font. \begin{multicols*}{2} \begin{tabularx}{8.4cm}{x{4 cm} x{4 cm} } \SetRowColor{DarkBackground} \mymulticolumn{2}{x{8.4cm}}{\bf\textcolor{white}{The Circular-Flow Diagram}} \tn % Row 0 \SetRowColor{LightBackground} National accounts keep track of the flows of money among different sectors of the economy. & {\bf{National income}} and {\bf{product accounts}} are the national accounts. \tn % Row Count 5 (+ 5) % Row 1 \SetRowColor{white} \mymulticolumn{2}{x{8.4cm}}{\{\{ac\}\}Money flows between households, markets for goods and services, firms, and factor markets.} \tn % Row Count 7 (+ 2) % Row 2 \SetRowColor{LightBackground} \mymulticolumn{2}{x{8.4cm}}{\{\{ac\}\}Households buy goods and services from the market for goods and services in return for money.} \tn % Row Count 9 (+ 2) % Row 3 \SetRowColor{white} \mymulticolumn{2}{x{8.4cm}}{\{\{ac\}\}Markets for goods and services are supplied by individual firms. The money from the households then goes to those individual firms.} \tn % Row Count 12 (+ 3) % Row 4 \SetRowColor{LightBackground} \mymulticolumn{2}{x{8.4cm}}{\{\{ac\}\}Firms purchase factors from the factor market.} \tn % Row Count 14 (+ 2) % Row 5 \SetRowColor{white} \mymulticolumn{2}{x{8.4cm}}{\{\{ac\}\}The factor market is supplied by households (for example, labor).} \tn % Row Count 16 (+ 2) % Row 6 \SetRowColor{LightBackground} Vocabulary & Household: can refer to an individual or a group of people who share their income \tn % Row Count 21 (+ 5) % Row 7 \SetRowColor{white} & Markets for Goods and Services: Also known as product markets, it is where households buy the goods and services they want. \tn % Row Count 28 (+ 7) % Row 8 \SetRowColor{LightBackground} & Firm: an organization that produces goods and services for sale and employs members of households. \tn % Row Count 33 (+ 5) \end{tabularx} \par\addvspace{1.3em} \vfill \columnbreak \begin{tabularx}{8.4cm}{x{4 cm} x{4 cm} } \SetRowColor{DarkBackground} \mymulticolumn{2}{x{8.4cm}}{\bf\textcolor{white}{The Circular-Flow Diagram (cont)}} \tn % Row 9 \SetRowColor{LightBackground} & Factor Markets: The market from which firms buy the resources to provide goods and services. \tn % Row Count 5 (+ 5) % Row 10 \SetRowColor{white} \mymulticolumn{2}{x{8.4cm}}{\{\{ac\}\}{\bf{The underlying principle is that the inflow of money into each market or sector must equal the outflow of money from that market or sector}}} \tn % Row Count 8 (+ 3) \hhline{>{\arrayrulecolor{DarkBackground}}--} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{8.4cm}{x{2.96 cm} x{5.04 cm} } \SetRowColor{DarkBackground} \mymulticolumn{2}{x{8.4cm}}{\bf\textcolor{white}{Expanded Circular-Flow Diagram}} \tn % Row 0 \SetRowColor{LightBackground} Four sectors of economy & households, firms, government, and the rest of the world \tn % Row Count 3 (+ 3) % Row 1 \SetRowColor{white} Three types of markets & factor markets, markets for goods and services, financial markets \tn % Row Count 6 (+ 3) % Row 2 \SetRowColor{LightBackground} \mymulticolumn{2}{x{8.4cm}}{\{\{ac\}\} The three types of markets connect the four sectors of the economy} \tn % Row Count 8 (+ 2) % Row 3 \SetRowColor{white} \mymulticolumn{2}{x{8.4cm}}{\{\{ac\}\} The total flow of funds, or GDP is all the spending in the market.} \tn % Row Count 10 (+ 2) % Row 4 \SetRowColor{LightBackground} \mymulticolumn{2}{x{8.4cm}}{\{\{ac\}\}GDP = Consumer Spending + Investment Spending + Government Spending + Exports - Imports} \tn % Row Count 12 (+ 2) \hhline{>{\arrayrulecolor{DarkBackground}}--} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{8.4cm}{X} \SetRowColor{DarkBackground} \mymulticolumn{1}{x{8.4cm}}{\bf\textcolor{white}{Expanded Circular-Flow Diagram}} \tn \SetRowColor{LightBackground} \mymulticolumn{1}{p{8.4cm}}{\vspace{1px}\centerline{\includegraphics[width=5.1cm]{/web/www.cheatography.com/public/uploads/gsarkar_1550126319_expanded.PNG}}} \tn \hhline{>{\arrayrulecolor{DarkBackground}}-} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{8.4cm}{X} \SetRowColor{DarkBackground} \mymulticolumn{1}{x{8.4cm}}{\bf\textcolor{white}{-}} \tn % Row 0 \SetRowColor{LightBackground} \mymulticolumn{1}{x{8.4cm}}{} \tn % Row Count 0 (+ 0) \hhline{>{\arrayrulecolor{DarkBackground}}-} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{8.4cm}{x{2.8 cm} x{5.2 cm} } \SetRowColor{DarkBackground} \mymulticolumn{2}{x{8.4cm}}{\bf\textcolor{white}{GDP}} \tn % Row 0 \SetRowColor{LightBackground} Included & Domestically produced final goods and services, including capital goods, new construction of structures, and changes to inventories \tn % Row Count 6 (+ 6) % Row 1 \SetRowColor{white} Not Included (IF IF U) & \{\{ac\}\}Intermediate goods and services\{\{nl\}\}Financial assets and transfer payments (stocks and bonds)\{\{nl\}\}Inputs\{\{nl\}\}Foreign-produced goods/services\{\{nl\}\}Used goods \tn % Row Count 13 (+ 7) \hhline{>{\arrayrulecolor{DarkBackground}}--} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{8.4cm}{x{1.76 cm} x{6.24 cm} } \SetRowColor{DarkBackground} \mymulticolumn{2}{x{8.4cm}}{\bf\textcolor{white}{The Value-Added Approach to GDP}} \tn % Row 0 \SetRowColor{LightBackground} \mymulticolumn{2}{x{8.4cm}}{\{\{ac\}\} Survey firms and add up their contributions to the value of final goods and services.} \tn % Row Count 2 (+ 2) % Row 1 \SetRowColor{white} Value added & The "value added" of a producer is the value of its sales minus the value of its purchases of inputs (prevents double counting) \tn % Row Count 7 (+ 5) \hhline{>{\arrayrulecolor{DarkBackground}}--} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{8.4cm}{p{0.8 cm} p{0.8 cm} } \SetRowColor{DarkBackground} \mymulticolumn{2}{x{8.4cm}}{\bf\textcolor{white}{The Expenditure Approach to GDP}} \tn % Row 0 \SetRowColor{LightBackground} \mymulticolumn{2}{x{8.4cm}}{\{\{ac\}\} Add up aggregate spending on domestically produced final goods and services in the economy - the sum of consumer spending, investment spending, government purchases of goods and services, and exports minus imports.} \tn % Row Count 5 (+ 5) % Row 1 \SetRowColor{white} \mymulticolumn{2}{x{8.4cm}}{\{\{ac\}\} GDP = Consumer Spending + Investment Spending + Government Spending + Exports - Imports} \tn % Row Count 7 (+ 2) % Row 2 \SetRowColor{LightBackground} \mymulticolumn{2}{x{8.4cm}}{\{\{ac\}\} Net exports = Exports - Imports} \tn % Row Count 8 (+ 1) \hhline{>{\arrayrulecolor{DarkBackground}}--} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{8.4cm}{p{0.8 cm} p{0.8 cm} } \SetRowColor{DarkBackground} \mymulticolumn{2}{x{8.4cm}}{\bf\textcolor{white}{The Income Approach to GDP}} \tn % Row 0 \SetRowColor{LightBackground} \mymulticolumn{2}{x{8.4cm}}{\{\{ac\}\} Add up all the income earned by factors of production in the economy - the wages earned by labor, the interest earned by those who lend their savings to firms and the government, the rent earned by those who lease their land or structurs, and the profit earned by the shareholders, the owners of the firms' physical capital.} \tn % Row Count 7 (+ 7) \hhline{>{\arrayrulecolor{DarkBackground}}--} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{8.4cm}{X} \SetRowColor{DarkBackground} \mymulticolumn{1}{x{8.4cm}}{\bf\textcolor{white}{Circular Flow Diagram}} \tn \SetRowColor{LightBackground} \mymulticolumn{1}{p{8.4cm}}{\vspace{1px}\centerline{\includegraphics[width=5.1cm]{/web/www.cheatography.com/public/uploads/gsarkar_1550124702_Circular Flow Diagram.PNG}}} \tn \hhline{>{\arrayrulecolor{DarkBackground}}-} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{8.4cm}{x{3.52 cm} x{4.48 cm} } \SetRowColor{DarkBackground} \mymulticolumn{2}{x{8.4cm}}{\bf\textcolor{white}{Vocabulary}} \tn % Row 0 \SetRowColor{LightBackground} Stocks & A share in the ownership of a company \tn % Row Count 2 (+ 2) % Row 1 \SetRowColor{white} Bond & A loan in the form of an IOU that pays interest \tn % Row Count 5 (+ 3) % Row 2 \SetRowColor{LightBackground} Government Transfers & Payments from the government to individuals \tn % Row Count 7 (+ 2) % Row 3 \SetRowColor{white} Disposable Income & The total amount of household income available to spend on consumption and to save \tn % Row Count 11 (+ 4) % Row 4 \SetRowColor{LightBackground} Private Savings & Disposable income not spent on consumption \tn % Row Count 13 (+ 2) % Row 5 \SetRowColor{white} Financial Markets & The banking, stock, and bond markets which channel private savings and foreign lending into investment spending, government borrowing, and foreign borrowing \tn % Row Count 21 (+ 8) % Row 6 \SetRowColor{LightBackground} Government Borrowing & The amount of funds borrowed by the government \tn % Row Count 24 (+ 3) % Row 7 \SetRowColor{white} Goverment Spending & Total expenditures on goods and services by the government \tn % Row Count 27 (+ 3) % Row 8 \SetRowColor{LightBackground} Exports & Goods and services sold to other countries \tn % Row Count 29 (+ 2) % Row 9 \SetRowColor{white} Imports & Goods and services purchased from other countries \tn % Row Count 32 (+ 3) \end{tabularx} \par\addvspace{1.3em} \vfill \columnbreak \begin{tabularx}{8.4cm}{x{3.52 cm} x{4.48 cm} } \SetRowColor{DarkBackground} \mymulticolumn{2}{x{8.4cm}}{\bf\textcolor{white}{Vocabulary (cont)}} \tn % Row 10 \SetRowColor{LightBackground} Inventories & Goods and raw materials that firms hold on to facilitate their operations. Inventories count as investment spending in the national accounts. \tn % Row Count 7 (+ 7) % Row 11 \SetRowColor{white} Investment Spending & Spending on new productive physical capital, like machinery, structures, and changes in inventories \tn % Row Count 12 (+ 5) % Row 12 \SetRowColor{LightBackground} Final Goods and Services & Goods and services sold to the final user \tn % Row Count 14 (+ 2) % Row 13 \SetRowColor{white} Intermediate Goods and Services & Goods and services bought by one firm from another to be used as inputs \tn % Row Count 18 (+ 4) % Row 14 \SetRowColor{LightBackground} Gross Domestic Product & The total value of all final goods and services produced in the economy during a given year \tn % Row Count 23 (+ 5) % Row 15 \SetRowColor{white} Aggregate Spending & The total spending on domestically produced final goods and services in the economy \tn % Row Count 27 (+ 4) \hhline{>{\arrayrulecolor{DarkBackground}}--} \end{tabularx} \par\addvspace{1.3em} % That's all folks \end{multicols*} \end{document}