1. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. Chapter 2 The Measurement of Income, Prices, and Unemployment

2. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 2-2 Figure 2-1 The Circular Flow of Income and Consumption Expenditures

3. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 2-3 Figure 2-2 Introduction of Saving and Investment to the Circular Flow Diagram

4. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 2-4 Figure 2-3 Introduction of Taxation, Government Spending, and the Foreign Sector to the Circular Flow Diagram

5. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 2-5 Table 2-1 Households Get What Remains After All the Leakages

6. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 2-6 Figure 2-4 Nominal GDP, Real GDP, and the Implicit GDP Deflator, 1900–2004

7. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 2-7 Table 2-2 Calculation of Fixed-weight and Chain-weighted Real GDP and GDP Deflators in an Imaginary Economy Producing Only Oranges and Apples

8. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 2-8 Figure 2-5 Employment From the Household and Payroll Survey, 1990–2004