AP Macroeconomics – Unit 2 Economic Indicators and the Business Cycle

AP Macroeconomics

Unit 2 Economic Indicators and the Business Cycle


2.1 The Circular Flow and GDP

2.1 The Circular Flow and GDP Cornell Notes

Start with the circular flow and relate it to how GDP is measured. Use the Circular Flow Model Diagram – Free Download!

Students can practice deciding the components of GDP and calculating GDP with the 2.1 Calculating GDP and Percent Change Worksheet.


2.2 Limitations of GDP


2.3 Unemployment


2.4 Price Indices and Inflation


2.5 Costs of Inflation


2.6 Real v Nominal GDP


2.7 Business Cycles