All AP Courses

Unit 2

AP Macroeconomics Unit 2: Economic Indicators and the Business Cycle

12–17% of the multiple-choice section · 7 topics

Measuring the economy: GDP and the circular flow, what GDP leaves out, unemployment, price indices and inflation, real and nominal GDP, and the business cycle.

Topics

  1. 2.1The Circular Flow and GDP
  2. 2.2Limitations of GDP
  3. 2.3Unemployment
  4. 2.4Price Indices and Inflation
  5. 2.5Costs of Inflation
  6. 2.6Real v. Nominal GDP
  7. 2.7Business Cycles

Unit check

10 questions drawn from every lesson in Unit 2. Each wrong answer links back to where the idea is taught.

Take the Unit 2 check

Practice for this unit