文档介绍：Chapter 2
The Major Macroeconomic Variables
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Chapter 1
Outlines (1)
GDP & GNP
three approaches to
measure GDP
NI & PI & DPI
MPS vs SNA
saving and wealth,
stock and flow
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Chapter 1
price index and Inflation Rate
nominal interest rate
and real interest rate
employment,unemployment,
& wage level
Outlines (2)
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Chapter 1
definition
GDP
GNP
comparison
GDP : domestic principle
GNP : national principle
GDP & GNP
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Chapter 1
relation
definition of NFP
GDP & GNP
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Chapter 1
Nominal and Real GDP
Nominal GDP is the sum of the quantities of final goods produced times their current price.
Real GDP is the sum of the quantities of final goods produced times constant (rather than current) price.
GDP & GNP
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Chapter 1
final goods and services vs.
intermediate products
Products vs. commodities
Market vs. non-market
GDP & GNP
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Chapter 1
case1: make wine
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Chapter 1
Price of final goods
Price of intermediate products
Increment
Wheat
100
0
100
flour
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100
50
Bread
250
150
100
retail
300
250
50
total
800
500
300
Case2: from wheat to bread
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Chapter 1
limitation of GDP (GNP)
non-market activities
diversity in standard of living
e distribution
Natural resource & environment
GDP & GNP
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Chapter 1