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INTRODUCTION AND MEASUREMENT

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Presentation on theme: "INTRODUCTION AND MEASUREMENT"— Presentation transcript:

1 INTRODUCTION AND MEASUREMENT
PART ONE INTRODUCTION AND MEASUREMENT

2 What Is Macroeconomics?
Chapter 1 What Is Macroeconomics?

3 Figure 1-1 The Relation Between Actual and Natural Real GDP and the Inflation Rate
Copyright © 2003 by Pearson Education, Inc.

4 Figure The Behavior over Time of Actual and Natural Real GDP and the Actual and Natural Rates of Unemployment Copyright © 2003 by Pearson Education, Inc.

5 Figure 1-3 Business Cycles in Volatilia and Stabilia
Copyright © 2003 by Pearson Education, Inc.

6 Figure 1-4 Basic Business-Cycle Concepts
Copyright © 2003 by Pearson Education, Inc.

7 Figure 1-5 Economic Growth in Stag-Nation and Speed-Nation
Copyright © 2003 by Pearson Education, Inc.

8 Figure 1-6 Actual and Natural GDP and Unemployment, 1900–2001
Copyright © 2003 by Pearson Education, Inc.

9 Figure 1-7 The Unemployment Rate from 1929–41 Compared with 1989–2001
Copyright © 2003 by Pearson Education, Inc.

10 Figure 1-8 The German Price Level, 1920–23
Copyright © 2003 by Pearson Education, Inc.

11 Figure 1-9 Per-Capita Real GDP, South Korea and the Philippines, 1960–2000
Copyright © 2003 by Pearson Education, Inc.

12 International Perspective How Does U.S. Economic Performance Rank?


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