World War II As an Austrian Economics Illustration Write Large.

Slides:

Advertisements

Similar presentations

World GDP. Nominal Gross Domestic Product Real Gross Domestic Product, Chained 2005 Dollars.

Advertisements

Tracking the Recovery December 12, Real Gross Domestic Product Source: Bureau of Economic Analysis via Haver Analytics.

Introduction to Business © Thomson South-Western ChapterChapter Economic Activity Measuring Economic Activity Economic Conditions Change.

Measuring Macroeconomic Activity

National Income Accounts. Endogenous are determined (explained) within the macroeconomy, they cannot be directly influenced (e.g., national output, employment,

Introduction to Macroeconomics

Macroeconomics: Economic growth and fluctuations Chapter 1.

SSEMA 1, 2.3. What is Macroeconomics? The study of the performance of our economy as a whole.

CHAPTER 11 Measuring Economic Activity. Business Cycle Alternating periods of economic expansion and contraction Recovery Inflation Peak Recession Depression.

Macroeconomics What is Macroeconomics? Important Macro Variables What is GDP? Macroeconomic Policy.

MACROECONOMICS BY CURTIS, IRVINE, AND BEGG SECOND CANADIAN EDITION MCGRAW-HILL RYERSON, © 2010 Chapter 4 Measuring National Economic Activity and Performance.

Unemployment & Business Cycles Chapter 8. The Three Faces of GDP == Market value of final goods and services ProductionExpenditureIncomeInvestment Consumption.

GDP and Unemployment Chapter 5.

Fig. 1 U.S. Real Gross Domestic Product, Real GDP (Billions of 1998 dollars)

GDP and Unemployment Chapter 5. The Circular Flow Goods Other countries Financial markets Government Firms (production) Household Taxes Factor services.

Measuring GDP and Economic Growth

Measuring Macroeconomics. Aggregate Output National income accounts An accounting system used to measure aggregate economic activity. The typical measure.

Office of Occupational Statistics and Employment Projections: Methods Overview James C. Franklin (202)

Unit A Business in a Changing World Section 1.04 Economic Indicators and the Business Cycle.

Chapter 23.2 Measuring the Economy.

Copyright ©2001, South-Western College Publishing Contemporary Economics: An Applications Approach By Robert J. Carbaugh 1st Edition Chapter 10: Gross.

 What is inflation? --a general upward movement in price of goods and services in an economy  What is deflation? --a general downward movement in.

Measuring Economic Activity Gross domestic product (GDP). The market value of goods and services produced by labor and property in the United States, regardless.

Chapter Five: Macroeconomic Measurement: The Current Approach.

MAROECONOMIC GOALS WHAT ARE THE COMPONENTS OF GROSS DOMESTIC PRODUCT? HOW DO WE MEASURE THE ECONOMY TO SEE IF WE ARE MEETING ECONOMIC GOALS?

Chapter 17 In Search of Prosperity and Stability Introduction to Economics (Combined Version) 5th Edition.

2-1Measuring Economic Activity 2-2Economic Conditions Change 2-3Other Measure of Business Activity.

Economic Ups & Downs Activity Test Review. What is real gross domestic product? O Total market value of all final goods and services produced within the.

1 1Q | 2015 As of December 31, 2014 Guide to the Markets ®

Copyright ©2003, South-Western College Publishing Contemporary Economics: An Applications Approach By Robert J. Carbaugh 2nd Edition Chapter 10: Gross.

Essential Standard 1.00 Understand the role of business in the global economy. 1.

CELEBRATING WITH YOU THE SPIRIT OF YOUR GREAT COUNTRY! HAPPY THE 4 TH OF JULY TO YOU, FRIENDS! SINCERELY,ELENA.

 A piece of economic data (statistic)  indicates the direction of an economy.

Essential Standard 1.00 Understand the role of business in the global economy. 1.

US Economic Overview James F. Smith, Ph.D. SIOR Chief Economist MIPIM 2004.

Gross Domestic Product Measuring national productivity.

Reading the Economy. Rate of Change New – Old Old 600 – 500 =.2 = 20% 500.

Economic Indicators. Gross Domestic Product GDP per Capita.

GDP GROSS DOMESTIC PRODUCT. DEFINITION BASIC MEASURE OF NATIONAL ECONOMIC OUTPUT. THE VALUE, EXPRESSED IN DOLLARS, OF ALL FINAL GOODS AND SERVICES PRODUCED.

 Bond  Budget deficit  Budget surplus  Business cycle  Capital project  Deflation  Depression  Gross domestic product  Retail sales  stock 

Economic Outlook December 2014 Economic Policy Division.

PowerPoint Presentation by Charlie Cook Copyright © 2004 South-Western. All rights reserved. Chapter 21 The Macroeconomic Environment.

THE STRUCTURE OF TURKISH ECONOMY FALL 2011 CLASS 1.

ESSENTIAL STANDARD 1.00 UNDERSTAND THE ROLE OF BUSINESS IN THE GLOBAL ECONOMY. 1.

Notes MEASURES OF ECONOMIC ACTIVITY.  3 Main Measures of Economic Activity  Gross Domestic Product  Labor Activities  Consumer Spending HOW IS ECONOMIC.

Table 5.1 The Estimated Size of U.S. Manufactured Capital Stock (2004, end of year, trillions of dollars) Equipment and software5.4 Structures13.9 Residences14.8.

Measuring the Health of the Economy – Some Complications Between December 2014 and January 2015 the unemployment rate rose from 5.6 percent to 5.7 percent.

Transformation – results © Libor Žídek. Economic growth in Czechoslovakia , and trend line.

Measuring the Economy. Vocabulary Gross Domestic Product (GDP) GDP per Capita Base Year Business Cycle Prosperity Recession Depression Recovery Inflation.

Gross Domestic Product Definition of Gross Domestic Product Why are Changes in Real Gross Domestic Product Important? Explanations of GDP and its Components.

ECONOMIC MISERY AND PRESIDENTIAL ELECTIONS 0. Some Key Economic Indicators Indicators – Unemployment Rate: The percentage of people in the labor force.

Economic growth Macroeconomics 1. Fundamental macroeconomic indicators Economic growth Unemployment Inflation 2.

Begin Graphs Threats to Economy GDP Laws & Policies Formulas Key Terms.

Going Big!!!!! Micro Price Quantity Costs Revenues Profits Macro GDP Unemployment Inflation Interest Rates Money Supply.

OBJECTIVES OF GOVERNMENT POLICY

Measuring the health of the market

National Economic Conditions

Why Study Financial Markets?

Centre and States Combined

Table 4-1 Average Per Capita Growth Rates in Selected Industrialized Countries, 1980-Present COPYRIGHT 2001 by South-Western, a division of Thomson.

Measuring the Nation’s Output and Income

Table 5.1 The Estimated Size of U.S. Manufactured Capital Stock

Famous Economic Formula

الادارة الصحية: المفهوم والأهمية والخصوصية

1. Business Cycle Gross Domestic Product 2. Peak Consumer Price Index

How do economists measure a nation’s economic health?

Chapter 5 Macroeconomic Measurement: The Current Approach.

FIGURE 11.1 GDP and the Circular Flow

ECONOMICS OF THE GREAT DEPRESSION

2-1: Measuring Economic Activity

Presentation transcript:

World War II As an Austrian Economics Illustration Write Large

EMPLOYMENT AND UNEMPLOYMENT, FISCAL YEARS (% of total labor force) Fiscal Year Nondefense Employm’t Defense Employm’t Civilian Unemployed (BLS) Labor Force Residuum

Commerce Kuznets Year Estimate of 1975 Estimate of 1990 KendrickWartimeRevisedVariant IIIGNP* REAL GROSS NATIONAL PRODUCT (index numbers, 1939 = 100)

REAL PERSONAL CONSUMPTION (index numbers, 1939 = 100) Year Commerce 1975 Commerce 1990 KendrickKuznets

REAL PERSONAL CONSUM. PER CAPITA (index numbers 1939 = 100) Year Personal Consumption Per Capita (current dollars) Friedman and Schwartz's Deflator Real Personal Consumption Per Capita

GDP Growth (BEA),

Private GDP Growth,

Macro Movements & Trends,

Private and Government Fixed Investment, (bil. current $) Private Domestic Investment Government Investment GrossNet Gross (all kinds) Net (all kinds) Net (all national defense only) Net (national defense structures) Net (national defense equipment)

Gross Government Fixed Investment, (billions of current dollars) All National Defense All Defense Structures Defense Industrial Buildings Defense Military Facilities

Net Fixed Business Capital (billions of 1958 dollars) Year Privately owned GOPOTotal