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

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

What laws,rules, and regulations should be known by members and candidates?：rules，必须遵守直接相关的法律），but this may be advisable in some circumstances and required by law in others. （没有要求一定要将违法行为报告政府）也会被认为是参与违法行为）