GDP and GNP：quarter.,Gross,outside of the country.

Gross Domestic Product (GDP)：within the economy in a given period of time incomedefinition.:approachrentgovernment services are simply included in GDP at theircoste.g.undergroundeconomyactivity

Equilibrium GDP and Prices – Stagflation：and energy lead to a decrease in AS;increasing investment in commodities or commodity-based companies.

Equilibrium GDP and Prices：4 Short-run stagflation

Equilibrium GDP and Prices - Recessionary Gap：more pessimistic consumers and businesses:InterestThis suggests the following investment strategy

Equilibrium GDP and Prices - Long-Run Equilibrium：Equilibrium GDP and Prices - Long-Run Equilibrium,Inpracticemeasure with precision.

Equilibrium GDP and Prices - Inflationary Gap：lower taxes:Interestespecially longer-maturity.Raise exposure to speculative fixed-income securities junk bonds.

Calculation of GDP – Income Approach：+,SomeNationalincome=government

The Production Function and Potential GDP：labor:Two-factor production functionKdecline essentially to zero and there would be no long-term economic growth.result

Calculation of GDP – Expenditure Approach：+data sources. The difference is accounted for by a statistical discrepancy.

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