第二章宏观经济学的的数据.ppt

?;GDP, CPI, and Uemployment;Two ways of viewing GDP;Rules for Computing GDP;More Rules for Computing GDP;Real vs. Nominal GDP;Let’s see how real GDP is computed in our apple and orange economy.;GDP Deflator;Chain-Weighted Measures of GDP;Government purchases of goods and services;Other Measures of Income;National income measures how much everyone in the economy has earned.The national income accounts divide national income into five components, ? Compensation of employees.The wages and fringe benefits earned by workers. ? Proprietors’ income.The income of noncorporate businesses, such as small farms, mom-and-pop stores, and law partnerships. ? Rental income .The income that landlords receive, including the imputed rent that homeowners “pay’’ to themselves, less expenses, such as depreciation. ? Corporate profits .The income of corporations after payments to their workers and creditors. ? Net interest .The interest domestic businesses pay minus the interest they receive, plus interest earned from foreigners.;Personal Income = National Income ? Corporate Profits ? Social Insurance Contributions ? Net Interest + Dividends + Government Transfers to Individuals + Personal Interest Income.;Computing the CPI;Let’s see how the CPI would be computed in our apple and orange economy.;CPI Versus the GDP Deflator;Measuring Unemployment;The Bureau of Labor Statistics (BLS) computes these statistics for the overall population and for groups within the population: men and women, whites and blacks, teenagers, and prime-age workers. Labor Force = 147.4 million Unemployment rate = 5.5% Labor-Force Participation Rate = 66.0%;;;2. Value added by each person is the value of the good produced minus the amount the person paid for the materials necessary to make the good. Therefore, the value added