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The Measurement of Income, Prices, and Unemployment

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Presentation on theme: "The Measurement of Income, Prices, and Unemployment"— Presentation transcript:

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

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

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

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

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

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

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

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


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