MACROECONOMICS
? 2010 Worth Publishers, all rights reserved
S E V E N T H E D I T I O N
PowerPoint? Slides by Ron Cronovich
N. Gregory Mankiw
C H A P T E R
The Science of Macroeconomics
2
Modified for EC 204
by Bob Murphy
In this chapter, you will learn:
…the meaning and measurement of the most important macroeconomic statistics:
Gross Domestic Product (GDP)
The Consumer Price Index (CPI)
The Unemployment Rate
CHAPTER 2 The Data of Macroeconomics
Gross Domestic Product: Expenditure and Income
Two definitions:
Total expenditure on domestically-produced final goods and services.
Total
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