曼昆宏观经济学23章英文答案

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1、23MEASURINGANATIONSINCOMEWHAT'SNEWINTHESIXTHEDITION:ThereisanewIntheNewsboxon"BeyondGrossDomesticProduct.〃LEARNINGOBJECTIVES:Bytheendofthischapter,studentsshouldunderstand:>whyaneconomy'stotalincomeequalsitstotalexpenditure.>howgrossdomesticproduct(GDP)isdefinedandcalculated.>t

2、hebreakdownofGDPintoitsfourmajorcomponents.>thedistinctionbetweenrealGDPandnominalGDP.>whetherGDPisagoodmeasureofeconomicwell-being.CONTEXTANDPURPOSE:Chapter10isthefirstchapterinthemacroeconomicsectionofthetext.Itisthefirstofatwo-chaptersequeneethatintroducesstudentstotwovitals

3、tatisticsthateconomistsusetomonitorthemacroeconomy—GDPandtheconsumerpriceindex.Chapter10developshoweconomistsmeasureproduct!onandincomeinthemacroeconomy.Thefollowingchapter,Chapter11,developshoweconomistsmeasurethelevelofpricesinthemacroeconomy.Takentogether,Chapter10concerttra

4、tesonthequantityofoutputinthemacroeconomywhileChapter11concentratesonthepriceofoutputinthemacroeconomy.Thepurposeofthischapteristoprovidestudentswithanunderstandingofthemeasurementandtheuseofgrossdomesticproduct(GDP).GDPisthesinglemostimportantmeasureofthehealthofthemacroeconom

5、y.Indeed,itisthemostwidelyreportedstatisticineverydevelopedeconomy.KEYPOINTS:•Becauseeverytransactionhasabuyerandaseller,thetotalexpenditureintheeconomymustequalthetotalincomeintheeconomy.•Grossdomesticproduct(GDP)measuresaneconomy'stotalexpenditureonnewlyproducedgoodsandservic

6、esandthetotalincomeearnedfromtheproduct!onofthesegoodsandservices.Moreprecisely,GDPisthemarketvalueofallfinalgoodsandservicesproducedwithinacountryinagivenperiodoftime.•GDPisdividedamongfourcomponentsofexpenditure:consumption,investment,governmentpurchases,andnetexports.Consump

7、tionineludesspendingongoodsandservicesbyhouseholds,withtheexcept!onofpurchasesofnewhousing.Investmentineludesspendingonnewequipmentandstructures,includinghouseholds'purchasesofnewhousing.Governmentpurchasesineludespendingongoodsandservicesbylocal,state,andfederalgovernments.Net

8、exportsequalthevalueofgoodsandservicesproduceddomestic