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Economic Activity in Context
Chapter One: Economic Activity in Context
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Macroeconomic Goals
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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
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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
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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.
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Macroeconomics in Context
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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
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