Chapter 11

Measuring
Macroeconomic
Activity

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 chapter 11
Measuring Macroeconomic Activity

FIGURE 11.1 GDP and the Circular Flow

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 chapter 11
Measuring Macroeconomic Activity

TABLE 11.1 Nominal Versus Real GDP

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 chapter 11
Measuring Macroeconomic Activity

FIGURE 11.2 U.S. Nominal vs. Real GDP(2005 =100)

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 chapter 11
Measuring Macroeconomic Activity

FIGURE 11.3A 2010 Nominal Gross Domestic Product (GDP) for Selected Countries

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 chapter 11
Measuring Macroeconomic Activity

FIGURE 11.3B 2010 Nominal Gross Domestic Product (GDP) per Capita for Selected Countries

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 chapter 11
Measuring Macroeconomic Activity

FIGURE 11.4 U.S. Real GDP and Recessions

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 chapter 11
Measuring Macroeconomic Activity

TABLE 11.2 Gross Domestic Product and Its Components,2011 Expenditure or Output Measurement

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 chapter 11
Measuring Macroeconomic Activity

FIGURE 11.5 Real GDP Growth2000 to 2012.1 (annual growth rates in percent)

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 chapter 11
Measuring Macroeconomic Activity

FIGURE 11.6 Average Growth of Real GDP Components2000 to 2012.1 (annual growth rates in
percent)

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 chapter 11
Measuring Macroeconomic Activity

TABLE 11.3 Gross Domestic Product and Its Components, 2011 Earnings or Income Measurement

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 chapter 11
Measuring Macroeconomic Activity

EQUATION 11.1 Alternative Measures of GDP

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 chapter 11
Measuring Macroeconomic Activity

EQUATION 11.2 Alternative Measures of GDP

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 chapter 11
Measuring Macroeconomic Activity

FIGURE 11.7 Annual Percentage Change in the GDP Deflator (ratio of current $ to chained 2005 $ =
100)

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 chapter 11
Measuring Macroeconomic Activity

TABLE 11.4 Price Deflators for GDP and Its Components, 20052011

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 chapter 11
Measuring Macroeconomic Activity

FIGURE 11.8 Trends in Consumer Inflation Rates (annual percentage changes of monthly data using the
CPI)

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 chapter 11
Measuring Macroeconomic Activity

EQUATION 11.3 Other Important Macroeconomic Variables

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 chapter 11
Measuring Macroeconomic Activity

TABLE 11.5 Percent Change in Expenditure Category,May 2011May 2012 (Unadjusted)

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 chapter 11
Measuring Macroeconomic Activity

FIGURE 11.9 Trends in Wholesale Inflation Rates (annual percent changes of monthly data using the
PPI)

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 chapter 11
Measuring Macroeconomic Activity

FIGURE 11.10 Labor Force Characteristics, 2011

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 chapter 11
Measuring Macroeconomic Activity

EQUATION 11.4 Measures of Employment and Unemployment

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 chapter 11
Measuring Macroeconomic Activity

TABLE 11.E1 Nominal Versus Real GDP

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