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Macroeconomics Third Edition Chapter 7 GDP and the CPI: Tracking the Macroeconomy Copyright © 2013 by Worth Publishers Paul Krugman and Robin Wells.

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Presentation on theme: "Macroeconomics Third Edition Chapter 7 GDP and the CPI: Tracking the Macroeconomy Copyright © 2013 by Worth Publishers Paul Krugman and Robin Wells."— Presentation transcript:

1 Macroeconomics Third Edition Chapter 7 GDP and the CPI: Tracking the Macroeconomy Copyright © 2013 by Worth Publishers Paul Krugman and Robin Wells

2 Figure 7.1 An Expanded Circular-Flow Diagram: The Flows of Money Through the Economy Krugman and Wells: Macroeconomics, Third Edition Copyright © 2013 by Worth Publishers

3 Figure 7.2 Calculating GDP Krugman and Wells: Macroeconomics, Third Edition Copyright © 2013 by Worth Publishers

4 Figure 7.3 U.S. GDP in 2010: Two Methods of Calculating GDP Krugman and Wells: Macroeconomics, Third Edition Copyright © 2013 by Worth Publishers

5 Table 7.1 Calculating GDP and Real GDP in a Simple Economy Krugman and Wells: Macroeconomics, Third Edition Copyright © 2013 by Worth Publishers

6 Table 7.2 Nominal versus Real GDP in 1995, 2005, and 2010 Krugman and Wells: Macroeconomics, Third Edition Copyright © 2013 by Worth Publishers

7 Unnumbered Figure 7.1 GDP And The Meaning Of Life Krugman and Wells: Macroeconomics, Third Edition Copyright © 2013 by Worth Publishers

8 Figure 7.4 Real Versus Nominal GDP in Venezuela Krugman and Wells: Macroeconomics, Third Edition Copyright © 2013 by Worth Publishers

9 Table 7.3 Calculating the Cost of a Market Basket Krugman and Wells: Macroeconomics, Third Edition Copyright © 2013 by Worth Publishers

10 Figure 7.5 The Makeup of the Consumer Price Index in 2010 Krugman and Wells: Macroeconomics, Third Edition Copyright © 2013 by Worth Publishers

11 Figure 7.6 The CPI, 1913–2007 Krugman and Wells: Macroeconomics, Third Edition Copyright © 2013 by Worth Publishers

12 Figure 7.7 The CPI, the PPI, and the GDP Deflator Krugman and Wells: Macroeconomics, Third Edition Copyright © 2013 by Worth Publishers


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