The Measurement of Income, Prices, and Unemployment Chapter 2 The Measurement of Income, Prices, and Unemployment

Figure 2-1 The Circular Flow of Income and Consumption Expenditures Copyright © 2003 by Pearson Education, Inc.

Figure 2-2 The Contribution of One Loaf of Bread to Consumption Expenditures and Income Created Copyright © 2003 by Pearson Education, Inc.

Figure 2-3 Introduction of Saving and Investment to the Circular Flow Diagram Copyright © 2003 by Pearson Education, Inc.

Figure 2-4 Introduction of Taxation, Government Spending, and the Foreign Sector to the Circular Flow Diagram

International Perspective Saving, Investment, and Government Budgets Around the World Source: OECD Economic Outlook, December 2001.

Figure 2-5 Nominal GDP, Real GDP, and the Implicit GDP Deflator, 1900–2001 Copyright © 2003 by Pearson Education, Inc.

Figure 2-6 The U.S. Ratio of Actual to Natural Real GDP (Y/YN) and the Unemployment Rate, 1965–2001