MacroeconomicsThird Edition

Chapter 7GDP and the CPI: Tracking the Macroeconomy

Copyright © 2013 by Worth Publishers

Paul Krugman and Robin Wells

Figure 7.1 An Expanded Circular-Flow Diagram: The Flows of Money Through the EconomyKrugman and Wells: Macroeconomics, Third EditionCopyright © 2013 by Worth Publishers

Figure 7.2 Calculating GDPKrugman and Wells: Macroeconomics, Third EditionCopyright © 2013 by Worth Publishers

Figure 7.3 U.S. GDP in 2010: Two Methods of Calculating GDPKrugman and Wells: Macroeconomics, Third EditionCopyright © 2013 by Worth Publishers

Table 7.1 Calculating GDP and Real GDP in a Simple EconomyKrugman and Wells: Macroeconomics, Third EditionCopyright © 2013 by Worth Publishers

Table 7.2 Nominal versus Real GDP in 1995, 2005, and 2010Krugman and Wells: Macroeconomics, Third EditionCopyright © 2013 by Worth Publishers

Unnumbered Figure 7.1 GDP And The Meaning Of LifeKrugman and Wells: Macroeconomics, Third EditionCopyright © 2013 by Worth Publishers

Figure 7.4 Real Versus Nominal GDP in VenezuelaKrugman and Wells: Macroeconomics, Third EditionCopyright © 2013 by Worth Publishers

Table 7.3 Calculating the Cost of a Market BasketKrugman and Wells: Macroeconomics, Third EditionCopyright © 2013 by Worth Publishers

Figure 7.5 The Makeup of the Consumer Price Index in 2010Krugman and Wells: Macroeconomics, Third EditionCopyright © 2013 by Worth Publishers

Figure 7.6 The CPI, 1913–2007Krugman and Wells: Macroeconomics, Third EditionCopyright © 2013 by Worth Publishers

Figure 7.7 The CPI, the PPI, and the GDP DeflatorKrugman and Wells: Macroeconomics, Third EditionCopyright © 2013 by Worth Publishers