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Public Management Optimal Amount of a Public Good Maximization of Social Benefits from Government Programs and Public- Sector Investments High GDP Growth, Coupled with Low Unemployment and Inflation, Made for a Vibrant “New Economy” in the 1990s Growth in Real Household Income by Quintile, 1973–1993 and 1993–1999 Long-Term Budget Balance Projections Differ Widely Under Various Policy Assumptions Recent Global Changes in Labor Productivity and Total Factor Productivity (1990–1995 to 1996–1999) Average Annual Percent Change in Imports and Exports by End-Use Category (1996–2000) Health Insurance Coverage of Those Under 65, by Insurance Type and Income, 1999 Health Expenditures and Enrollment in Health Maintenance Organizations Managerial Economics 10e* Chapter 17 10E MANAGERIALECONOMICS ? 2003 South-Western/Thomson Learning M A R K H I R S C H E Y PowerPointPresentation by Charlie Cook Figure 17.1 Figure 17.2 Figure 17.3 Note: Real GDP growth (chained 1996 dollars) and inflation (measured by the CPI-U-RS) are average annual rates from the end of the preceding year through the end of the period. Unemployment rates are monthly averages. Data for 2000 are through the third quarter for real GDP and through November for unemployment and inflation. Sources: Department of Commerce (Bureau of Economic Analysis) and Department of Labor (Bureau of Labor Statistics). Figure 17.4 Source: Department of Commerce (Bureau of the Census). Figure 17.5 Note: Data are for fiscal years, Projections are based on policy and economic assumptions fro the June 2000 Mid-session review updated for actual economic performance through the third quarter of 2000. Source: Office of Management and Budget. Figure 17.6 Source: Board of Governors of the Federal Reserve System. Figure 17.7 Note: Total includes “other,” which is not shown. Estimates for 2000 are based on data for the first three quarters. Source: Department of Commerce (Bureau of the Census). Figure 17.8 Source: Department of Commerc
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