1. GDP -OUTPUT Econ 102 Fall 2013

2. Real and Nominal GDP (At Current and Fixed (1998) Prices) (New Series)(Annual, TRY Thousand

3. GDP REAL at 1998 prices

4. Nominal and Real GDP of Turkey

5. Growth rate of GDP

6. Composition of GDP GDP Billion TL GDP (Y)1.294,9 Private consumption Exp. (C )920,8 Private Sector Investment (I)234,6 Stock Changes (I)25,1 Government consumption exp (G)180,7 Public Sector Investment (G)48,6 İhracat (X)308,3 İthalat (M)423,1

7. Example_Nominal GDP Year 2010Year 2011Year 2012 Quantity PriceQuantity PriceQuantity Price Food10001.0 TL1200 2.0TL13002.75TL Health care50100.0 TL 55110.0TL 60120.TL Movies50050.0 TL510 60.0TL 53070.0TL P 2010 xQ 2010 P 2011 xQ 2011 P 2012 xQ 2012 Food 1000 TL 2400 TL 3575TL Health care 5000 TL 6050 TL 7200TL Movies25000 TL30600 TL37100TL Nominal31000 TL 39050 TL47875 TL GDP

8. Example_Real GDP Year 2010Year 2011Year 2012 Quantity PriceQuantity PriceQuantity Price Food10001.0 TL1200 2.0TL13002.75TL Health care50100.0 TL 55110.0TL 60120.TL Movies50050.0 TL510 60.0TL 53070.0TL P 2010 xQ 2010 P 2010 xQ 2011 P 2010 xQ 2012 Food 1000 TL 1200 TL 1300TL Health care 5000 TL 5500 TL 6000TL Movies25000 TL25000 TL26500TL Real GDP31000 TL 32 200 TL33 800TL

9. Growth rate Growth rate 2011 =((Real GDP 2011 – Real GDP 2010 )/Real GDP 2010 )x100 = (32200-31000)/ 31000)x100= 0.0387x100=3.87 %. Growth rate 2012 – = ((Real GDP 2012 – Real GDP 2011 )/ Real GDP 2011 )x100 = (33 800-32 200)/ 32200)x100= 0.0496x100=4.96 %.

10. GDP deflator and Inflation rate GDP Deflator t = (Nominal GDP t / Real GDP t )x100. Inflation rate t = % change in the GDP deflator

11. PRICES GDP DEFLATOR GDP Deflator t = (Nominal GDP t / Real GDP t )x100 GDP DEFLATOR

12. Inflation rate Inflation rate t = % change in the GDP deflator Inflation rate

13. Other Income Measures 1)Gross National Product: GDP- net factor income. 2)Net National Product: GNP- depreciation expenditure 3)National Income: GDP- Indirect Business Taxes 4)Personal Income: National Income- retained earnings +transfer payments. 5)Disposable Income: Personal Income- - Personal Tax payments

14. GDP and GNP

15. GDP, Personal Income and Disposable Income

16. Consumer Price Index _ TUFE TÜFE’de aylık değişim %-0,90 olarak gerçekleşti. The increase in the prices of different commodity groups included into the computation of CPI in Turkey. eğitimde %1,67, (increase in price of education) eğlence ve kültürde %0,90, (increase in price of entertainment and cultural activities) çeşitli mal ve hizmetlerde %0,88, (increase in price of various commodity and services) ev eşyasında %0,49, (increase in price of home goods) lokanta ve otellerde %0,49, (increase in price of restaurants and hotels) konutta %0,14, (increase in price of housing) sağlıkta %0,13 artış, (increase in price of health services) giyim ve ayakkabıda %-0,82, (increase in price of clothing and shoes) ulaştırmada %-1,39, (increase in price of transportation) gıda ve alkolsüz içeceklerde %-3,42 düşüş gerçekleşmiştir. (decrease in price of food and non-alcoholic beverages)

17. CPI (TUFE) in Turkey (with base year of 2003, i.e. 2003=100)

18. CPI Series in Turkey