Fifth Edition Update 2005–2006. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 2...

Fifth Edition

Update 2005–2006

Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 2

Figure 1 Personal Savings Rate

Chapter 2 Update: Wealth Versus Saving


Figure 2 Personal saving rate and private saving rate



Figure 3 Personal saving rates reported by the government at different vintage dates



Figure 4 Annual change in net worth divided by disposable personal income



Figure 1 Exports and imports of goods and services as a percent of GDP

Chapter 5 Update: Globalization


Figure 2 International ownership of assets relative to U.S. GDP



Figure 3 International trade in business services



Figure 1 Current account balance as a percent of GDP

Chapter 5 Update: Current Account Deficit


Figure 2 Net international ownership of assets relative to U.S. GDP



Figure 3 Petroleum net exports as a percent of U.S. GDP



Figure 1 Productivity levels

Chapter 6 Update: Productivity


Figure 2 Productivity growth

Chapter 6 Update: Productivity


Table 1 Economic growth in China, the United States, and Japan

Chapter 6 Update: China


Figure 1 Real GDP growth in China and the United States



Figure 2 Consumer price inflation rates in China and the United States



Figure 3 Government budget relative to GDP in China and the United States



Figure 4 Current account balance in China and the United States



Figure 1 GDP at cyclical peaks

Chapter 8 Update: The Unusual 2001 Recession


Figure 2 Personal consumption expenditures at cyclical peaks



Figure 3 Residential fixed investment at cyclical peaks



Figure 4 Business fixed investment at cyclical peaks



Figure 5 Payroll employment at cyclical troughs



Figure 1 The nominal price of oil

Chapter 8 Update: Oil and the Economy


Figure 2 The real price of oil

Chapter 8 Update: Oil and the Economy


Figure 1 Payroll employment at cyclical troughs

Chapter 8 Update: The Jobless Recovery from the 2001 Recession


Figure 2 GDP at cyclical troughs



Figure 3 Labor force participation rate



Figure 1 Nominal exchange rate between the euro and the dollar

Chapter 13 Update: The Dollar’s Recent Behavior


Figure 2 Nominal exchange rate between the yen and the dollar



Figure 3 Broad real exchange rate index



Figure 1 Exchange rate between China and the United States

Chapter 13 Update: The Yuan


Figure 2 Exchange rate between China and Japan

Chapter 13 Update: The Yuan


Figure 1 Interest rates on nominal and TIIS ten-year bonds

Chapter 14 Update: Asset Prices and Monetary Policy


Figure 2 Alternative measures of expected inflation

Chapter 14 Update: Asset Prices and Monetary Policy


Figure 1 Japan’s overnight interest rate and inflation rate

Chapter 14 Update: The Zero Bound


Figure 2 Switzerland’s weekly repo interest rate and inflation rate



Figure 3 U.S. federal funds interest rate and inflation rate



Figure 1 Number of workers per retiree

Chapter 15 Update: Current Issues in Social Security


Figure 2 Social security cost and tax revenue as a percent of GDP

Chapter 15 Update: Current Issues in Social Security


Figure 1 U.S. federal government budget surplus/deficit relative to GDP

Chapter 15 Update: The U.S. Budget Deficit


Figure 2 U.S. federal government receipts and outlays relative to GDP



Figure 3 U.S. federal government debt held by the public relative to GDP


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