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\author{GSarkar}
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  /Title (economics-unit-9-module-11.pdf)
  /Creator (Cheatography)
  /Author (GSarkar)
  /Subject (Economics Unit 9 Module 11 Cheat Sheet)
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    \vspace{-2pt}\large{\bf{\textcolor{DarkBackground}{\textrm{Economics Unit 9 Module 11 Cheat Sheet}}}} \\
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  \vspace{-2pt}GSarkar \\
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   \vspace{-2pt}Not Yet Published.\\
   Updated 14th February, 2019.\\
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  Measure your website readability!\\
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GDP is a... & measure of the size of the economy, allowing us to compare among years and countries \tn 
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To measure actual changes in aggregate output... & GDP must be modified for price change into {\emph{real GDP}} \tn 
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Aggregate Output & The total quantity of final goods and services produced within an economy \tn 
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Formula & Sum of all final goods and services values = (this year's quantity)(previous year's price) \tn 
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% Row 2
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\seqsplit{Chain-linking} & The method of calculating changes in the real GDP using the average between the growth rate calculated using an early base year and the growth rate calculated using a late base year \tn 
% Row Count 19 (+ 7)
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GDP per capita & GDP divided by the size of the population or average GDP per person (does not include happiness, quality of life, income inequality, etc) \tn 
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Nominal GDP & The total value of all final goods and services produced in the economy during a given year, calculated with the prices current in the year in which the output is produced \tn 
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