Calculating GDP Nominal GDP, Real GDP, and the GDP Deflator.
Chapter 1 Introduction to Macroeconomics. Copyright © 2005 Pearson Addison-Wesley. All rights reserved. 8-2 Figure 1.1 Output of the U.S. economy, 1869–2002.
Data of Macroeconomics Xu Hu Texas A&M University.
Slides are prepared by Dr. Amy Peng, Ryerson University Chapter Five Output, Business Cycles, and Employment Macroeconomics by Curtis, Irvine and Begg.
JEOPARDY! Inflation Labor(No) Jobs… Math! Alex Trabeconomics GDP and the flow of spending and income. 100 200 300 400 500.
Inflation: a general increase in the prices of goods and services in an entire economy over time. *Note* If for instance Canada’s has an annual inflation.
1 INFLATION 2 Definitions Inflation: a sustained increase in all money prices Deflation: a sustained decrease in all money prices Anticipated inflation:
NOMINAL GDP vs. REAL GDP REAL GDP NOMINAL GDP vs. REAL GDP REAL GDP.
