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Unformatted text preview: National Saving = Private Saving + Government Saving Measuring Real GDP 2004 2 1996 2 2004 1 1996 1 2003 2 1996 2 2003 1 1996 1 Q P Q P Q P Q P + + Real GDP for 2003: Real GDP for 2004: Alternative Inflation Measures GDP Deflator GDP Deflator = Nominal GDP / Real GDP GDP Deflator 2003 2 1996 2 2003 1 1996 1 2003 2 2003 2 2003 1 2003 1 Q P Q P Q P Q P + + Nominal GDP/Real GDP= Consumer Price Index (CPI) 1996 2 1996 2 1996 1 1996 1 1996 2 2003 2 1996 1 2003 1 Q P Q P Q P Q P CPI + + =...
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This note was uploaded on 04/14/2008 for the course ECON 102 taught by Professor Rossana during the Winter '08 term at University of Michigan.
 Winter '08
 Rossana

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