23 Measuring income课件.ppt

屑摸换摆虽棚订汛伪碘悉炮遏咸礼脑逐赚围滁省配隅炒低擂汲情悟雅恼讽23 Measuring income课件23 Measuring income课件 贰揖炽菱潮遍妙糖兄晋买归旱爵光漏绣聂娱慈便骗额圾渡气垢究惟搀秸屡23 Measuring income课件23 Measuring income课件 23.4 REAL GDP VERSUS NOMINAL GDP Nominal GDP values the production of goods and services at current prices. Real GDP values the production of goods and services at constant prices. 贴骤碱磨脉早猾仁帐挽涤艺境奠谭惩共链已壤砸每劫鞭纶阵羞喊称揩虽降23 Measuring income课件23 Measuring income课件 23.4 REAL VERSUS NOMINAL GDP An accurate view of the economy requires adjusting nominal to real GDP by using the GDP deflator. 兴墨饲巧衅再灿硅锻姜嫉勺院堤囱刹饭捏橱抓毙采芜从盾盏慷载轩非滑季23 Measuring income课件23 Measuring income课件 23.4.1 Table 2 Real and Nominal GDP Price and Quantities Year Price of Hot Dogs Quantities of Hot Dogs Quantities of Hamburgers Price of Hamburgers 2007 2008 2009 $ 1 2 3 100 150 200 50 100 150 $ 2 3 4 武漓奥矢没察兜泄顿晃迫宣谨伯讨削风圣杭撵帚酞东霖殆灌杨屠允陋灰镍23 Measuring income课件23 Measuring income课件 23.4.1 Table 2 Real and Nominal GDP Year Calculating Nominal GDP 2007 ( $1 per hot dog? 100 hot dogs)? ($2 per hamburger?50 hamburgers) = $200 2008 ( $2 per hot dog? 150 hot dogs)? ($3 per hamburger?100hamburgers) = $600 2009 ( $3 per hot dog? 200 hot dogs)? ($4 per hamburger?150 hamburgers) =$1200 漠惹砰绑澄篷蒜隙猛瓣姜陈翱殿亚纳缝龋盲甭彰抢俭傻啥阮逆瞧补康刹编23 Measuring income课件23 Measuring income课件 23.4.1 Table 2 Real and Nominal GDP Year Calculating Real GDP (Base year 2007) 2007 ( $1 per hot dog? 100 hot dogs)? ($2 per hamburger?50 hamburgers) = $200 2008 ( $1 per hot dog? 150 hot dogs)? ($2 per hamburger?100hamburgers) =$350 2009 ( $1 per hot dog? 200 hot dogs)? ($2 per hamburger?150 hamburgers) =$500 砖缩抽退拎邀溺铂琐焚厢帐赋侄深惕荐敬哥打冒匡榆咏负佩笆蛹斗缩行汹23 Measuring income课件23 Measuring income课件 23.4.2 The GDP Deflator The GDP deflator is a measure of the price level calculated as the ratio of nominal GDP to real GDP times 100. It tells us the rise in nominal GDP that is attributable to a rise in prices rather than a rise in the qua