1. Economic Activity in Context
Chapter One:
Economic Activity in Context

2. Macroeconomic Goals

3. Figure 1.1: Global Production, 1960-2010
As measured by summing up the GDP of all countries, global production has more than quintupled in the last several decades.
Source: The World Bank Group, World Development Indicators Online

4. Figure 1.2: Global Production Per Capita, 1960-2010
Global production per person has more than doubled in the last several decades.
Source: The World Bank Group, World Development Indicators Online

5. Figure 1.3: GDP in the United States, 1800-2010
GDP in the United States has grown over time, but it has not grown steadily. The economy has experienced alternating periods of expansion and contraction.
Source: Louis D. Johnston and Samuel H. Williamson, “The Annual Real and Nominal GDP for the United States,
1790–Present.” Economic History Services,
Updated with data from the World Bank Development Indicators.

6. Macroeconomics in Context

7. Figure 1.4: Growth in Atmospheric Carbon Dioxide, 1815-2010
As fossil-fuel based industrialization and deforestation have increased, so has the atmospheric concentration of the gases involved in global warming.
Source: Carbon Dioxide Information Analysis Center, and
gov/trends/co2/sio-mlo.htm.
Updated using NOAA ESRL data. ftp://ftp.cmdl.noaa.gov/ccg/co2/trends/co2_mm_mlo.txt