FIGURE 11.1 GDP and the Circular Flow

FIGURE 11.1 GDP and the Circular Flow

TABLE 11.1 Nominal Versus Real GDP

FIGURE 11.2 U.S. Nominal vs. Real GDP(2005 =100)

FIGURE 11.3A 2010 Nominal Gross Domestic Product (GDP) for Selected Countries

FIGURE 11.3B 2010 Nominal Gross Domestic Product (GDP) per Capita for Selected Countries

FIGURE 11.4 U.S. Real GDP and Recessions

TABLE 11.2 Gross Domestic Product and Its Components,2011 Expenditure or Output Measurement

FIGURE 11.5 Real GDP Growth—2000 to 2012.1 (annual growth rates in percent)

FIGURE 11.6 Average Growth of Real GDP Components—2000 to 2012.1 (annual growth rates in percent)

TABLE 11.3 Gross Domestic Product and Its Components, 2011 Earnings or Income Measurement

EQUATION 11.1 Alternative Measures of GDP

EQUATION 11.2 Alternative Measures of GDP

FIGURE 11.7 Annual Percentage Change in the GDP Deflator (ratio of current $ to chained 2005 $ = 100)

TABLE 11.4 Price Deflators for GDP and Its Components, 2005–2011

FIGURE 11.8 Trends in Consumer Inflation Rates (annual percentage changes of monthly data using the CPI)

EQUATION 11.3 Other Important Macroeconomic Variables

TABLE 11.5 Percent Change in Expenditure Category,May 2011–May 2012 (Unadjusted)

FIGURE 11.9 Trends in Wholesale Inflation Rates (annual percent changes of monthly data using the PPI)

FIGURE 11.10 Labor Force Characteristics, 2011

EQUATION 11.4 Measures of Employment and Unemployment

TABLE 11.E1 Nominal Versus Real GDP