曼昆中级宏观经济学第5版第2章.pptVIP

Learning objectives;Gross Domestic Product;Why expenditure = income;The Circular Flow;Value added;Exercise:;Exercise Answer;The Measurement of GDP;The Measurement of GDP;The Measurement of GDP;The Measurement of GDP;The Measurement of GDP;The Components of GDP;Consumption (C);U.S. Consumption, 2001;Investment (I);U.S. Investment, 2001;Investment vs. Capital;Investment vs. Capital;Stocks vs. Flows;Government spending (G);Government spending, 2001;Net exports (NX = EX - IM);China’s net exportssource: IFS;An important identity;Measure of National Income;US GDP and Its Components (2004);Composition of China’s GDPsource: Penn World Table 6.2;Composition of China’s GDP;Composition of US GDP;A question for you:;Why output = expenditure;How would each of the following transaction affect the GDP of China?;For each of the following transactions, state the effect both on China’s GDP and on the four components of aggregate expenditure;GDP: An important and versatile concept;GNP vs. GDP;Discussion Question:;(GNP – GDP) as a percentage of GDP for selected countries, 1997.;Cross country comparison of GNP/GDP;Real vs. Nominal GDP;Real GDP controls for inflation;Practice problem;Answers to practice problem;U.S. Real Nominal GDP, 1967-2001;GDP Deflator;Understanding the GDP deflator;Understanding the GDP deflator;Another example,GDP for the Republic of Antai;Working with percentage changes;Working with percentage changes;Chain-weighted Real GDP;GDP and Economic Well-being;GDP and the Quality of Life ;GDP and Economic Well-being;Consumer Price Index (CPI);How the BLS constructs the CPI;The composition of the CPI’s “basket”;;Understanding the CPI;Understanding the CPI;Reasons why the CPI may overstate inflation;The CPI’s bias;CPI vs. GDP deflator;Two measures of inflation;Measuring Unemployment:Categories of the population;Identifying Unemployment;Who is employed? An exercise;Measurement of Unemployment;Two important labor force concepts;Computing labor force statistics;Appl