IB Economics Topic 3.1 Measuring Economic Activities (SL/HL) covers syllabus content. Use these notes, questionbank, videos, flashcards, and lessons to review the topic, practise exam questions, and move between notes, videos, flashcards, and lessons where available.
What this topic covers
3.1.1 National Income Accounting as a Measure of Economic Activity
3.1.2 Income, Output and Expenditure Approaches to National Income Accounting
3.1.3 Nominal GDP as a Measure of National Output
3.1.4 Nominal GNI as a Measure of National Output
3.1.5 Real GDP and GNI
3.1.6 Real GDP/GNI per Person (per Capita)
3.1.7 Business Cycle
3.1.8 Appropriateness of Using GDP or GNI Statistics
3.1.9 Alternative Measures of Well-Being