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CHAPTER 11 Gross Domestic Product Survey of Economics, 4e / Ch. 11 Gross Domestic Product ©2004 South-Western, a division of Thomson Learning™ EXHIBIT 11-1 The Basic Circular Flow Model Survey of Economics, 4e / Ch. 11 Gross Domestic Product ©2004 South-Western, a division of Thomson Learning™ 2 EXHIBIT 11-2 Gross Domestic Product Using the Expenditure Approach, 2001 Source: Bureau of Economic Analysis, http://www.bea.doc.gov/bea/dn/nipaweb/SelectTable.asp?Selected=N, Table 1.1. Survey of Economics, 4e / Ch. 11 Gross Domestic Product ©2004 South-Western, a division of Thomson Learning™ 3 EXHIBIT 11-3 An International Comparison of GDPs, 2001 Source: http://www.countrywatch.com Survey of Economics, 4e / Ch. 11 Gross Domestic Product ©2004 South-Western, a division of Thomson Learning™ 4 EXHIBIT 11-4 Net Domestic Product Calculated from Gross Domestic Product, 2001 Source: Bureau of Economic Analysis, http://www.bea.doc.gov/bea/dn/nipaweb/SelectTable.asp?Selected=N, Table 1.9. Survey of Economics, 4e / Ch. 11 Gross Domestic Product ©2004 South-Western, a division of Thomson Learning™ 5 EXHIBIT 11-5 Five Measures of the Macroeconomy Survey of Economics, 4e / Ch. 11 Gross Domestic Product ©2004 South-Western, a division of Thomson Learning™ 6 EXHIBIT 11-6 National Income Calculated from Net Domestic Product, 2001 Source: Bureau of Economic Analysis, http://www.bea.doc.gov/bea/dn/nipaweb/SelectTable.asp?Selected=N, Table 1.9. Survey of Economics, 4e / Ch. 11 Gross Domestic Product ©2004 South-Western, a division of Thomson Learning™ 7 EXHIBIT 11-7 Personal Income Calculated from National Income, 2001 Source: Bureau of Economic Analysis, http://www.bea.doc.gov/bea/dn/nipaweb/SelectTable.asp?Selected=N, Table 1.9. Survey of Economics, 4e / Ch. 11 Gross Domestic Product ©2004 South-Western, a division of Thomson Learning™ 8 EXHIBIT 11-8 Disposable Personal Income Calculated from Personal Income, 2001 Source: Bureau of Economic Analysis, http://www.bea.doc.gov/bea/dn/nipaweb/SelectTable.asp?Selected=N, Table 2.1. Survey of Economics, 4e / Ch. 11 Gross Domestic Product ©2004 South-Western, a division of Thomson Learning™ 9 EXHIBIT 11-9 Nominal GDP, Real GDP, and the GDP Chain Price Index for Selected Years Source: Bureau of Economic Analysis, http://www.bea.doc.gov/bea/dn/nipaweb/SelectTable.asp?Selected=N, Tables 1.1, 1.2, and 7.1. Survey of Economics, 4e / Ch. 11 Gross Domestic Product ©2004 South-Western, a division of Thomson Learning™ 10 EXHIBIT 11-10 Changes in Real GDP and Nominal GDP, 1985–2001 Source: Bureau of Economic Analysis, http://www.bea.doc.gov/bea/ dn/nipaweb/SelectTable.asp? Selected=N, Tables 1.1 and 1.2. Survey of Economics, 4e / Ch. 11 Gross Domestic Product ©2004 South-Western, a division of Thomson Learning™ 11
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