Economics · Year 2 · Week 16

Effects of Changes in Fundamental Macroeconomic Variables on the Economy and Control Policies

Strand

Government Economic Policy, Money, Agriculture and Trade

Sub-strand

Macroeconomic Variables (GDP, Inflation, Unemployment, Exchange Rate)

Content standard

Demonstrate understanding of the measurements, uses and importance of National Income

Learning outcome

mindedness, patience, commitment and integrity Use the existing and relevant Appreciative of the need for teamwork, accepting Communication: GESI: (cid:3) approaches (expenditure, the views of others without any form of discrimination Through verbal, non-verbal, writing and (cid:3) product and income approach) ensures; presentation (cid:3) (cid:3) to analyse the National Income. Through verbal, responses and discussions (cid:3) (cid:3) ECONOMICS | 79 (cid:3) (cid:3)

Learning indicator

Explain the uses and importance of National Income (E.g., standard of living)