1. Measure_macro_2009 v8

1. Measure_macro_2009 v8 - The Circular Flow Income ($)...

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slide 0 class 2 The Data of Macroeconomics The Circular Flow Households Firms Goods Labor Expenditure ($) Income ($)
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slide 1 class 2 The Data of Macroeconomics Measuring prices across space A Big Mac costs: $3.30 in U.S. $4.50 in Euroland < $2 in China & S. Africa Purchasing Power Parity exchange rates try to balance out ability to buy.
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slide 2 class 2 The Data of Macroeconomics 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 1950 1960 1970 1980 1990 2000 (billions) Nominal GDP Real GDP (in 2000 dollars)
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slide 3 class 2 The Data of Macroeconomics The composition of the CPI’s “basket” 15.1% 42.4% 3.8% 17.4% 6.2% 5.6% 3.0% 3.1% 3.5% Food and bev. Housing Apparel Transportation Medical care Recreation Education Communication Other goods and services
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slide 4 class 2 The Data of Macroeconomics Two measures of inflation in the U.S. -3% 0% 3% 6% 9% 12% 15% 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 GDP deflator CPI Percentage change from 12 months earlier
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slide 5 class 3 The Data of Macroeconomics U.S. consumption, 2007 42.0 20.5 7.8 70.0% 5,794.4 2,833.0 1,082.8 $9,710.2 Services Nondurables Durables Consumption % of GDP $ billions
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slide 6 class 3
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This note was uploaded on 05/28/2009 for the course UGBA 08481 taught by Professor Levine during the Spring '09 term at Berkeley.

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1. Measure_macro_2009 v8 - The Circular Flow Income ($)...

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