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chapter2 Measurement macroeconomics third edition 中宏Williamson-PPT教学文稿.ppt

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chapter2 Measurement macroeconomics third edition 中宏Williamson-PPT教学文稿.ppt

Copyright ? 2008 Pearson Addison-Wesley. All rights reserved. Copyright ? 2008 Pearson Addison-Wesley. All rights reserved. Chapter 2 Measurement Copyright ? 2008 Pearson Addison-Wesley. All rights reserved. Chapter 2 Topics Measuring GDP Nominal and real GDP and price indices Savings, wealth and capital Labor market measurement Copyright ? 2008 Pearson Addison-Wesley. All rights reserved. Measuring GDP: The National Income and Product Accounts GDP Measured Using: (i) the product approach; (ii) the expenditure approach; (iii) the income approach. Copyright ? 2008 Pearson Addison-Wesley. All rights reserved. National Income Accounting Example Fictional Island Economy Coconut Producer, Restaurant, Consumers, Government Copyright ? 2008 Pearson Addison-Wesley. All rights reserved. Table 2.1 Coconut Producer Copyright ? 2008 Pearson Addison-Wesley. All rights reserved. Table 2.4 Government Copyright ? 2008 Pearson Addison-Wesley. All rights reserved. Table 2.5 Consumers Copyright ? 2008 Pearson Addison-Wesley. All rights reserved. Table 2.6 GDP Using the Product Approach Copyright ? 2008 Pearson Addison-Wesley. All rights reserved. Table 2.7 GDP Using the Expenditure Approach Copyright ? 2008 Pearson Addison-Wesley. All rights reserved. Table 2.8 GDP Using the Income Approach Copyright ? 2008 Pearson Addison-Wesley. All rights reserved. Table 2.9 Gross Domestic Product for 2005 Copyright ? 2008 Pearson Addison-Wesley. All rights reserved. Nominal and Real GDP and Price Indices Price Index: Weighted average of a set of observed prices that gives a measure of the price level. Price indices allow us to measure the inflation rate – the rate of change in the price level. A measure of the inflation rate allows us to determine how much of an increase in GDP is nominal and how much is real. Copyright ? 2008 Pearson Addison-Wesley. All rights reserved. Table 2.10 Data for Real GDP Example Copyright ? 2008 Pearson Addison-Wesley. All rights reserved. Figure 2.1 Nominal