曼昆宏观经济学 23章英文答案.pdfVIP

23 MEASURING A NATION’S INCOME WHAT’S NEW IN THE SIXTH EDITION: There is a new In the Newsbox on ―Beyond Gro Domestic Product.‖ LEARNING OBJECTIVES: By the end of this chapter, students should understand:  why an economy’s total income equals its total expenditure.  how gross domestic product (GDP) is defined and calculated.  the breakdown of GDP into its four major components.  the distinction between real GDP and nominal GDP.  whether GDP is a good measure of economic well-being. CONTEXT AND PURPOSE: Chapter 10 is the first chapter in the macroeconomic section of the text. It is the first of a two-chapter sequence that introduces students to two vital statistics that economists use to monitor the macroeconomy—GDP and the consumer price index. Chapter 10 develops how economists measure production and income in the macroeconomy. The following chapter, Chapter 11, develops how economists measure the level of prices in the macroeconomy. Taken together, Chapter 10 concentrates quantity price on the of output in the macroeconomy while Chapter 11 concentrates on the of output in the macroeconomy. The purpose of this chapter is to provide students with an understanding of the measurement and the use of gross domestic product (GDP). GDP is the single most important measure of the health of the macroeconomy. Indeed, it is the most widely reported statistic in every developed economy. 405 © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 406 Chapter 23/Measuring a Nation’s Income KEY POINTS:  Because every transaction has a buyer and a seller, the total expenditure in the economy must equal the total income in the economy.  Gro