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CHAPTER 2 Taking an Economic Pulse: Measuring National Output and Income © 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned,

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Presentation on theme: "CHAPTER 2 Taking an Economic Pulse: Measuring National Output and Income © 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned,"— Presentation transcript:

1 CHAPTER 2 Taking an Economic Pulse: Measuring National Output and Income © 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

2 Exhibit 2-1 Resource Market: Supply and Demand for Resources in the Circular Flow Diagram
© 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

3 Exhibit 2-2 A Helpful Way to Conceptualize the Resource Market
© 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

4 Exhibit 2-3 Real Goods and Services Market: Supply and Demand for Real Goods and Services in the Circular Flow Diagram 9 © 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. .

5 Exhibit 2-4 Supply and Demand in the Product Market and Resource Market of the Circular Flow Diagram
© 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. .

6 Exhibit 2-5 Personal Consumption Expenditures: One Component of a Nation’s Demand
© 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

7 Exhibit 2-6 U.S. Net Exports of Goods and Services: 1960–2012
© 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

8 Exhibit 2-7 Macroeconomic Equilibrium: Desired Demand Equals Desired Production
© 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

9 Exhibit 2-8 Leakages of Saving from the Circular Flow
© 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

10 Exhibit 2-9 Macroeconomic Leakages
© 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

11 Exhibit 2-10 Macroeconomic Leakages and Injections
© 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

12 Exhibit 2-11 Macroeconomic Equilibrium II: Desired Leakages Equal Desired Injections
© 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

13 Exhibit 2-12 Using the Circular Flow to Explain a Recession (Part 1)
© 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

14 Exhibit 2-13 Using the Circular Flow to Explain a Recession (Part 2)
© 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

15 Exhibit 2-14 Using the Circular Flow to Explain a Recession (Summary)
© 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

16 Exhibit 2-15 Gross Domestic Product versus Gross National Product
© 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.


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