הירשם כמורה
Econ
טקסט Storyboard
- שקופית: 1
- Hi Rachel! Thanks for making the time to meet with me today. I've actually just enrolled in a college level economics course and have been struggling quite a bit. Do you think you could help me?
- Hi Carla! It's nice to talk to you after so long. I took that class last semester, and although that professor may seem difficult, it gets better. Here, let me tell you some things you should know beforehand.
- שקופית: 2
- First off, it will be helpful to know the components of spending and saving. The MPC, or the marginal propensity to consume, is the amount of each additional dollar a family earns that is used to consume. On the other hand, the MPS, or the marginal propensity to save, is the amount of each additional dollar a family earns that is saved.
- The APC, or the average propensity to consume, then represents the total consumption in comparison to total income. Similarly, the APS, or the average propensity to save, is the total savings to the total income.
- Another concept I found difficult at first that may be good to know is the difference between recessionary and inflationary gap. The recessionary gap is the difference between the real and potential output when real GDP is lower than potential GDP. The inflationary gap is the difference between real and potential output when real GDP is greater than potential GDP.
- שקופית: 3
- I think that's about it. I do hope I was of help. You will do great in class!
- Thank you so much! If I get an A in the class, it will be all thanks to you!
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