Measuring Economic Activitya

Measuring Economic Activity: National Income ,GDP and Unemployment

National income ,[object Object]

Personal income Measures national level income to persons and nonprofit corporations . Personal income includes payments to individuals (income from wages and salaries, and other income), plus transfer payments from government, less employee social insurance contributions

Disposable personal income ,[object Object]

Gross Domestic Product: Measuring the Nation’s Output ,[object Object],[object Object]

Gross Domestic Product: Measuring the Nation’s Output ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Gross Domestic Product: Measuring the Nation’s Output ,[object Object],[object Object],[object Object],[object Object]

Gross Domestic Product: Measuring the Nation’s Output ,[object Object],[object Object],[object Object],[object Object],[object Object]

Gross Domestic Product: Measuring the Nation’s Output ,[object Object],[object Object],[object Object]

Value Added in Bread Production Company Revenues – Cost of purchased inputs = Value added ABC Grain $0.50 $0.00 $0.50 General Flour $1.20 $0.50 $0.70 Hot’n’Fresh $2.00 $1.20 $0.80 Total $2.00 ,[object Object],[object Object],[object Object],[object Object]

The Expenditure Method for Measuring GDP ,[object Object],[object Object],[object Object],[object Object],[object Object]

The Expenditure Method for Measuring GDP ,[object Object],[object Object],[object Object],[object Object]

The Expenditure Method for Measuring GDP ,[object Object],[object Object]

[object Object],The Expenditure Method for Measuring GDP

The Expenditure Method for Measuring GDP ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

The Expenditure Method for Measuring GDP ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

GDP and the Incomes of Capital and Labor ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

GDP and the Incomes of Capital and Labor ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

The Three Faces of GDP = = Market value of final goods and services Production Expenditure Income Investment Consumption Government purchases Net exports Capital Income Labor Income

Nominal GDP versus Real GDP ,[object Object],[object Object],[object Object]

Issues ,[object Object],[object Object],[object Object]

Nonmarket Economic Activities ,[object Object],[object Object],[object Object],[object Object]

Environmental Quality and Resource Depletion ,[object Object],[object Object],[object Object],[object Object]

Who Is Unemployed? ,[object Object],[object Object]

Measuring Unemployment ,[object Object],[object Object],[object Object],[object Object],[object Object]

The Unemployment Rate ,[object Object],[object Object],[object Object],[object Object]

The Unemployment Rate ,[object Object],[object Object]

The Unemployment Rate ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Terminologies ,[object Object],[object Object]

Measuring Economic Activitya

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