{"id":61,"date":"2024-07-24T02:56:57","date_gmt":"2024-07-24T06:56:57","guid":{"rendered":"https:\/\/pressbooks.bccampus.ca\/econ104\/?post_type=chapter&#038;p=61"},"modified":"2024-08-10T08:05:56","modified_gmt":"2024-08-10T12:05:56","slug":"2-1-learning-outcomes","status":"publish","type":"chapter","link":"https:\/\/pressbooks.bccampus.ca\/econ104\/chapter\/2-1-learning-outcomes\/","title":{"raw":"2.1 Learning outcomes","rendered":"2.1 Learning outcomes"},"content":{"raw":"<div class=\"textbox textbox--learning-objectives\">\r\n<div class=\"textbox__content\">\r\n<ul>\r\n \t<li>Understand and apply the definition of Gross Domestic Product (GDP).\r\n<ul>\r\n \t<li>Identify if an activity should be counted towards GDP.<\/li>\r\n \t<li>Apply the definition to discuss how we can use the data and how the measure can be improved. (Advanced)<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li>Understand the identity of national income accounting and the components of expenditure-based and income-based GDP.\r\n<ul>\r\n \t<li>Identify the components in examples.<\/li>\r\n \t<li>Identify the basic facts about Canadian GDP in recent years.<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li>Understand the definition of real GDP. Calculate real GDP, GDP deflator, and their growth rates.\r\n<ul>\r\n \t<li>Understand and apply the definitions of business cycle. Identify them in a graph.<\/li>\r\n \t<li>Understand the use of real GDP per capita as an indicator of economic well-being.<\/li>\r\n<\/ul>\r\n<\/li>\r\n<\/ul>\r\n<\/div>\r\n<\/div>\r\n&nbsp;","rendered":"<div class=\"textbox textbox--learning-objectives\">\n<div class=\"textbox__content\">\n<ul>\n<li>Understand and apply the definition of Gross Domestic Product (GDP).\n<ul>\n<li>Identify if an activity should be counted towards GDP.<\/li>\n<li>Apply the definition to discuss how we can use the data and how the measure can be improved. (Advanced)<\/li>\n<\/ul>\n<\/li>\n<li>Understand the identity of national income accounting and the components of expenditure-based and income-based GDP.\n<ul>\n<li>Identify the components in examples.<\/li>\n<li>Identify the basic facts about Canadian GDP in recent years.<\/li>\n<\/ul>\n<\/li>\n<li>Understand the definition of real GDP. Calculate real GDP, GDP deflator, and their growth rates.\n<ul>\n<li>Understand and apply the definitions of business cycle. Identify them in a graph.<\/li>\n<li>Understand the use of real GDP per capita as an indicator of economic well-being.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"author":20,"menu_order":1,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":"cc-by-nc"},"chapter-type":[49],"contributor":[],"license":[56],"class_list":["post-61","chapter","type-chapter","status-publish","hentry","chapter-type-numberless","license-cc-by-nc"],"part":57,"_links":{"self":[{"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/pressbooks\/v2\/chapters\/61","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/wp\/v2\/users\/20"}],"version-history":[{"count":9,"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/pressbooks\/v2\/chapters\/61\/revisions"}],"predecessor-version":[{"id":112,"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/pressbooks\/v2\/chapters\/61\/revisions\/112"}],"part":[{"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/pressbooks\/v2\/parts\/57"}],"metadata":[{"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/pressbooks\/v2\/chapters\/61\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/wp\/v2\/media?parent=61"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/pressbooks\/v2\/chapter-type?post=61"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/wp\/v2\/contributor?post=61"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/wp\/v2\/license?post=61"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}