Cao AP Lab
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Unit 2
Exam weight 12%–17%
Economic Indicators and the Business Cycle
Labs
8 modules
Factor Market
Firms
Households
Product market
1
Learn
Practice
MCQ
2.1 The Circular Flow and GDP
2
Learn
Practice
MCQ
2.2 Limitations of GDP
3
Learn
Practice
MCQ
2.3 Unemployment
10
30
100
300
1860
1900
1940
1980
2020
CPI
4
Learn
Practice
MCQ
2.4 Inflation & CPI
5
Learn
Practice
MCQ
2.5 Costs of Inflation
NOMINAL
current $
REAL
base-year $
purchasing power
6
Learn
Practice
MCQ
2.6 Real v. Nominal GDP
Time
Real GDP
Trend Line
Peak
Contraction
Trough
Recovery
Expansion
7
Learn
Practice
MCQ
2.7 Business Cycle
Question 1
(a)
(b)
(c)
(d)
8
Practice
Guided FRQ