曼昆宏观经济学课件 ppt 23

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1、CHAPTER23MeasuringaNation’sIncomeEcoPRINnCIPoLEmSOFicsN.GregoryMankiwPremiumPowerPointSlidesbyRonCronovich©2009South-Western,apartofCengageLearning,allrightsreservedInthischapter,lookfortheanswerstothesequestions:§WhatisGrossDomesticProduct(GDP)?§HowisGDPrelatedtoanation’stot

2、alincomeandspending?§WhatarethecomponentsofGDP?§HowisGDPcorrectedforinflation?§DoesGDPmeasuresociety’swell-being?1Microvs.Macro§Microeconomics:§Macroeconomics:§Webeginourstudyofmacroeconomicswiththecountry’stotalincomeandexpenditure.MEASURINGANATION’SINCOME21IncomeandExpendit

3、ure§GrossDomesticProduct(GDP)§GDPalsomeasuresFortheeconomyasawhole,MEASURINGANATION’SINCOME3TheCircular-FlowDiagram§asimpledepictionofthemacroeconomy§illustratesGDPasspending,revenue,factorpayments,andincome§Preliminaries:§Factorsofproduction§FactorpaymentsMEASURINGANATION’SI

4、NCOME4TheCircular-FlowDiagramMarketsforGoods&ServicesFirmsHouseholdsMarketsforFactorsofProductionMEASURINGANATION’SINCOME62WhatThisDiagramOmits§Thegovernment§collectstaxes,buysg&s§Thefinancialsystem§matchessavers’supplyoffundswithborrowers’demandforloans§Theforeignsector§trad

5、esg&s,financialassets,andcurrencieswiththecountry’sresidentsMEASURINGANATION’SINCOME7GrossDomesticProduct(GDP)Is……themarketvalueofallfinalgoods&servicesproducedwithinacountryinagivenperiodoftime.MEASURINGANATION’SINCOME8GrossDomesticProduct(GDP)Is……themarketvalueofallfinalgoo

6、ds&servicesproducedwithinacountryinagivenperiodoftime.Finalgoods:Intermediategoods:GDPonlyincludesMEASURINGANATION’SINCOME93GrossDomesticProduct(GDP)Is……themarketvalueofallfinalgoods&servicesproducedwithinacountryinagivenperiodoftime.MEASURINGANATION’SINCOME10GrossDomesticPro

7、duct(GDP)Is……themarketvalueofallfinalgoods&servicesproducedwithinacountryinagivenperiodoftime.MEASURINGANATION’SINCOME11GrossDomesticProduct(GDP)Is……themarketvalueofallfinalgoods&servicesproducedwithinacountryinagivenperiodoftime.MEASURINGANATION’SINCOME124GrossDomesticProduc

8、t(GDP)Is……themarketvalueofallfinalgoods&servicesproducedwithinacount