1. Fifth Edition Update 2005–2006

2. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 2 Figure 1 Personal Savings Rate Chapter 2 Update: Wealth Versus Saving

3. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 3 Figure 2 Personal saving rate and private saving rate Chapter 2 Update: Wealth Versus Saving

4. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 4 Figure 3 Personal saving rates reported by the government at different vintage dates Chapter 2 Update: Wealth Versus Saving

5. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 5 Figure 4 Annual change in net worth divided by disposable personal income Chapter 2 Update: Wealth Versus Saving

6. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 6 Figure 1 Exports and imports of goods and services as a percent of GDP Chapter 5 Update: Globalization

7. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 7 Figure 2 International ownership of assets relative to U.S. GDP Chapter 5 Update: Globalization

8. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 8 Figure 3 International trade in business services Chapter 5 Update: Globalization

9. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 9 Figure 1 Current account balance as a percent of GDP Chapter 5 Update: Current Account Deficit

10. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 10 Figure 2 Net international ownership of assets relative to U.S. GDP Chapter 5 Update: Current Account Deficit

11. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 11 Figure 3 Petroleum net exports as a percent of U.S. GDP Chapter 5 Update: Current Account Deficit

12. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 12 Figure 1 Productivity levels Chapter 6 Update: Productivity

13. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 13 Figure 2 Productivity growth Chapter 6 Update: Productivity

14. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 14 Table 1 Economic growth in China, the United States, and Japan Chapter 6 Update: China

15. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 15 Figure 1 Real GDP growth in China and the United States Chapter 6 Update: China

16. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 16 Figure 2 Consumer price inflation rates in China and the United States Chapter 6 Update: China

17. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 17 Figure 3 Government budget relative to GDP in China and the United States Chapter 6 Update: China

18. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 18 Figure 4 Current account balance in China and the United States Chapter 6 Update: China

19. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 19 Figure 1 GDP at cyclical peaks Chapter 8 Update: The Unusual 2001 Recession

20. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 20 Figure 2 Personal consumption expenditures at cyclical peaks Chapter 8 Update: The Unusual 2001 Recession

21. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 21 Figure 3 Residential fixed investment at cyclical peaks Chapter 8 Update: The Unusual 2001 Recession

22. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 22 Figure 4 Business fixed investment at cyclical peaks Chapter 8 Update: The Unusual 2001 Recession

23. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 23 Figure 5 Payroll employment at cyclical troughs Chapter 8 Update: The Unusual 2001 Recession

24. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 24 Figure 1 The nominal price of oil Chapter 8 Update: Oil and the Economy

25. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 25 Figure 2 The real price of oil Chapter 8 Update: Oil and the Economy

26. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 26 Figure 1 Payroll employment at cyclical troughs Chapter 8 Update: The Jobless Recovery from the 2001 Recession

27. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 27 Figure 2 GDP at cyclical troughs Chapter 8 Update: The Jobless Recovery from the 2001 Recession

28. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 28 Figure 3 Labor force participation rate Chapter 8 Update: The Jobless Recovery from the 2001 Recession

29. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 29 Figure 1 Nominal exchange rate between the euro and the dollar Chapter 13 Update: The Dollar’s Recent Behavior

30. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 30 Figure 2 Nominal exchange rate between the yen and the dollar Chapter 13 Update: The Dollar’s Recent Behavior

31. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 31 Figure 3 Broad real exchange rate index Chapter 13 Update: The Dollar’s Recent Behavior

32. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 32 Figure 1 Exchange rate between China and the United States Chapter 13 Update: The Yuan

33. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 33 Figure 2 Exchange rate between China and Japan Chapter 13 Update: The Yuan

34. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 34 Figure 1 Interest rates on nominal and TIIS ten-year bonds Chapter 14 Update: Asset Prices and Monetary Policy

35. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 35 Figure 2 Alternative measures of expected inflation Chapter 14 Update: Asset Prices and Monetary Policy

36. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 36 Figure 1 Japan’s overnight interest rate and inflation rate Chapter 14 Update: The Zero Bound

37. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 37 Figure 2 Switzerland’s weekly repo interest rate and inflation rate Chapter 14 Update: The Zero Bound

38. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 38 Figure 3 U.S. federal funds interest rate and inflation rate Chapter 14 Update: The Zero Bound

39. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 39 Figure 1 Number of workers per retiree Chapter 15 Update: Current Issues in Social Security

40. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 40 Figure 2 Social security cost and tax revenue as a percent of GDP Chapter 15 Update: Current Issues in Social Security

41. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 41 Figure 1 U.S. federal government budget surplus/deficit relative to GDP Chapter 15 Update: The U.S. Budget Deficit

42. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 42 Figure 2 U.S. federal government receipts and outlays relative to GDP Chapter 15 Update: The U.S. Budget Deficit

43. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 43 Figure 3 U.S. federal government debt held by the public relative to GDP Chapter 15 Update: The U.S. Budget Deficit