Chapter One:

Economic Activity in Context

Macroeconomic Goals

Figure 1.1: Global Production, 1960-2010

Source: The World Bank Group, World Development Indicators Online

Figure 1.2: Global Production Per Capita, 1960-2010

Source: The World Bank Group, World Development Indicators Online

Figure 1.3: GDP in the United States, 1800-2010

Source: Louis D. Johnston and Samuel H. Williamson, “The Annual Real and Nominal GDP for the United States,1790–Present.” Economic History Services, http://www.eh.net/hmit/gdp/.Updated with data from the World Bank Development Indicators. http://data.worldbank.org/indicator

Macroeconomics in Context

270

290

310

330

350

370

390

410

1832 1862 1892 1922 1952 1982 2012

CO

2(p

arts

per

mill

ion

)Figure 1.4: Growth in Atmospheric Carbon Dioxide,

1815-2010

Source: Carbon Dioxide Information Analysis Center, http://cdiac.ornl.gov/ftp/trends/co2/siple2.013 and http://cdiac.ornl.gov/trends/co2/sio-mlo.htm.Updated using NOAA ESRL data. ftp://ftp.cmdl.noaa.gov/ccg/co2/trends/co2_mm_mlo.txt