Economic Profit and Accounting Profit：AccountingNormalEconomicAccounting depreciation is backward looking.

Shifts in the AD and AS curves and Equilibriums：A decrease in AD lowers real GDP:contractions are associated with rising inflation and interest rates.

Popular Economic Indicators – Coincident：outputoffers a measure of the current state of business activity.

Popular Economic Indicators – Lagging：especially the more stable services area.

Popular Economic Indicators – Leading：hours,manufacturing,cycle.sectorstrength of the financial system to endure stress.

Other Variables Used as Economic Indicators：The“principal,capitaland so on.

Sources of Economic Growth：economy;Human capital;trainingcapital]NaturalResources

Economic Growth and Sustainability：Economic,GrowthPerrate of economic growth is measured by the rate of increase in the economy’s productive capacity or potentialGDP.

Economic Indicators：value in identifying the economy’s past condition.

Measures of Sustainable Growth：One way is to use the growth accounting equation. Problem:real GDP that a worker can produce in one hour of work.KLPotential GDP = Aggregate hours worked × Labor productivity

What members and candidates should notice in CFA examinations?：or security of the CFA examinations.（不能恶心CFA），考试不能作弊:考试内容要保密:A. No.:Responsibilities as a CFA Institute Member.right④Case

Why members and candidates must develop and maintain appropriate records?：actions,Cannot usehistoricalrecommendations or research reports created at the previous firm because the supporting documentation is unavailable. （不能使用以前的推荐或者研究报告,因为没有支持数据）For future use,CFA