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Chapter 2
The Measurement
of Income, Prices,
and Unemployment
Copyright © 2006 Pearson Addison-Wesley. All rights reserved.
Figure 2-1 The Circular Flow of Income
and Consumption Expenditures
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Figure 2-2 Introduction of Saving and
Investment to the Circular Flow Diagram
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Figure 2-3
Introduction of
Taxation,
Government
Spending, and
the Foreign Sector
to the Circular
Flow Diagram
Copyright © 2006 Pearson Addison-Wesley. All rights reserved.
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Table 2-1 Households Get
What Remains After All the Leakages
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Figure 2-4 Nominal GDP, Real GDP, and
the Implicit GDP Deflator, 1900–2004
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Table 2-2
Calculation of
Fixed-weight and
Chain-weighted
Real GDP and GDP
Deflators in an
Imaginary Economy
Producing Only
Oranges and Apples
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Figure 2-5 Employment From the Household
and Payroll Survey, 1990–2004
Copyright © 2006 Pearson Addison-Wesley. All rights reserved.
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