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France Economy AP Macro Project

This freaking sucks.
by

Stephanie Zhang

on 19 June 2013

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Transcript of France Economy AP Macro Project

Consumer Goods
Capital
Goods
(agricultural
machinery)
(agricultural products)
France Economy
Production: Exports, Imports
GDP Analysis
Current GDP: $2.773 trillion USD
Role in World
Economy

The European Union
The United Nations
Future
Prospects

Expenditures Approach
Production Possibilities Curve
Personal Consumption Expenditures: $1,949,419,000,000
Gross Private Domestic Investment: $425,655,500,000
Government Purchases: $537,962,000,000
Net Exports: $567.5 billion-$658.9 billion=-$91,400,000,000
Total GDP: $2.77 trillion
Income Approach
AS
AD
LRAS
Compensation of Employees: $1,513,400,000,000
Rents: $12,502,000,000
Interest: $11,855,000,000
Proprietor's Income: $200,450,000,000
Corporate Profits: $312,550,000,000
Taxes of Production and Imports: $194,110,000,000
AS
AD
LRAS
AS
AD
LRAS
National Income: $2.35 trillion
Subtract Net Foreign Factor Income: 0
Add Statistical Discrepancy: 0
Add Consumption of Fixed Capital: $353,305,000,000
Total GDP: $2.77 trillion
Recession
Shortcomings
of GDP
Shorter average workweek
Increasing Quality
World War II
AS
AD
Command
GDP Trends
1.7% increase
Relative GDP when
Compared to
other Nations
$2.773 trillion
Unemployment Issue
GDP Per Capita
$35,500
40th in world
Standard of living improving

AS
Role in Africa
AS
AD
Market
AS
Role in the
European Union
Role in the
United Nations
Rule of 70
French Exports and Imports

Phase of the
Business Cycle
LRAS
LRAS
AS
AS
AD
After World War II
Sd
Sd + Q
Wheat (tons)
Cars
25
50
FRANCE
Wheat (tons)
Cars
40
10
GERMANY
Dd
Pd
Pt
Pw
a
b
q
c
d
Quantity
Price
55
P
Q
AS
AD
Qf
Q1
Pf
P1
Quantity
35
Price
Quantity
Price
AS
AD
France's Effect on African Economies
Effects of Protective Tariff on France
AS
AD
Quantity
Price
Effects on Increased Government Spending
AS
AD
Quantity
Price
Effects on Increased Government Subsidies
Trading Possibilities
LRAS
LRAS
AS
AS
AD
Emerge into World War II
Consumer Goods
Capital Goods
Production Possibilities Curve
Real domestic output
Price Level
Real domestic output
Price Level
Long-run aggregate supply
Aggregate Demand
and Supply
CHEESE
WHEEL

Okun's Law
1% actual unemployment rate exceeds natural
rate = negative GDP gap of 2%
11.0% = 22%
unemployment rate
negative GDP gap
1
1
1
1
Production Possibilities Curve
Long-run Aggregate Supply
Aggregate Demand and Supply
Consumer Goods
GDP
GDP
Capital Goods
Price Level
Price Level
1
1
Expansion Currently
# of years to double
=
70
_______________
annual % growth rate
70
________
1.7%
=
41 years
Full transcript