0102
Ec
, LectureINational.productiproductionofnewgoodsandservicesthat.ge
mateincomewithinaneconomyloutputl.Nat.io
nal
TotalvalueofincomegeneratedwithinaneconomyG.ro
Inwme :
ProductCGDP-susedindicatorfornationalpnoduct.im
ss Domestic
0
A centralmeasureofannualeconomicac.tnWty 。
Totalaggregateproductionwithinaneconomyinaperiod.co
0
GDPisaflow.notastock.GDPpercapitalfRea.li
GDP Gwwth ( %)
ThebusinessgdeRe.at
- Declines Troughs
Recoverypercapital-speaksretporien-uGDPtimeRec.es
^ → →
sioniActualdedinesinGDPGwnthlnegat.ie
%
quarleriDepresc.im
-
2
eepandlong-lastingrece.si
:D
0ns ,
, EconomicGwwthiGDPfolwwsalong-te.mg
rowthratecapturedbyacountngslongtemgrowthtrend.ly
desofhigherandlowergrowtharoundthelong-termgmot.hn
trend.TheimporlanaofNationdI.name
GrowthiNationalInwnemeasuresarefundament.at
widehgvieuedindicatorsforanationale.co
nomy 。
,
determinantofimprouementsinasociogsoueroustand.cn
>
rdofliwng.Inflationopricelaeliavergelevelofal prias.in
theeconomy.co
Inflat.im:1?ateofchangeforthepricewvelovertime.
"
⽐⽐1
thepriceoflaborandcapitalHouseholdincomeasweU.no
price indud.es
"
>
Generalhgmeasured.by CPI ,
GDPD
, deflation
:
savings currency delay in purchasing
Debt ⼀
⼀ ⼀
⼀
⼀
change lose faith bebt
'
⼀
⼀ didn t .
⼀
do about Inflation ?
why we care
Reduced purchasing noteverything
powerofdolors is adequately
0
indexed ⽐ inflation
0
Menu costs and shoe -
leather costs (
updating costs ) .
Inflation ( variance 7 makes it harder read loud
price
.
to as a measuve
of scarity and
surplrs ,
.
Increased fimancial
0
uncereainy
、
CPI C consumer Price Indices )
e
The Contral Bank wid choose a bundle of goods that repnesent
ypical household consumption
'
a s
patterns .
imperfeot
household ooksfor a
representaeive
-
{ products / dated
The OpI quantities are
periodicolly up .
CPIs are used o compae prices in diffevent years .
Example ; 4 Apples ,
24 milks
base Pa 4 pm 4 4× 4 + 4 × 24 =
112
year
= =
next Pa 5 Pm 6 4× 5 + 6 × 24 164
year
= =
=
CPI =
New Cost
X 100 = 丛
10
× 100 = 140 .
4
( 12
Base cost
CPIt + 1 PIt 146 4 100
%
-
Inflation
-
⼆ 46 4
.
=
⼆ × 100 .
CPIt 1o 0
Ec
, LectureINational.productiproductionofnewgoodsandservicesthat.ge
mateincomewithinaneconomyloutputl.Nat.io
nal
TotalvalueofincomegeneratedwithinaneconomyG.ro
Inwme :
ProductCGDP-susedindicatorfornationalpnoduct.im
ss Domestic
0
A centralmeasureofannualeconomicac.tnWty 。
Totalaggregateproductionwithinaneconomyinaperiod.co
0
GDPisaflow.notastock.GDPpercapitalfRea.li
GDP Gwwth ( %)
ThebusinessgdeRe.at
- Declines Troughs
Recoverypercapital-speaksretporien-uGDPtimeRec.es
^ → →
sioniActualdedinesinGDPGwnthlnegat.ie
%
quarleriDepresc.im
-
2
eepandlong-lastingrece.si
:D
0ns ,
, EconomicGwwthiGDPfolwwsalong-te.mg
rowthratecapturedbyacountngslongtemgrowthtrend.ly
desofhigherandlowergrowtharoundthelong-termgmot.hn
trend.TheimporlanaofNationdI.name
GrowthiNationalInwnemeasuresarefundament.at
widehgvieuedindicatorsforanationale.co
nomy 。
,
determinantofimprouementsinasociogsoueroustand.cn
>
rdofliwng.Inflationopricelaeliavergelevelofal prias.in
theeconomy.co
Inflat.im:1?ateofchangeforthepricewvelovertime.
"
⽐⽐1
thepriceoflaborandcapitalHouseholdincomeasweU.no
price indud.es
"
>
Generalhgmeasured.by CPI ,
GDPD
, deflation
:
savings currency delay in purchasing
Debt ⼀
⼀ ⼀
⼀
⼀
change lose faith bebt
'
⼀
⼀ didn t .
⼀
do about Inflation ?
why we care
Reduced purchasing noteverything
powerofdolors is adequately
0
indexed ⽐ inflation
0
Menu costs and shoe -
leather costs (
updating costs ) .
Inflation ( variance 7 makes it harder read loud
price
.
to as a measuve
of scarity and
surplrs ,
.
Increased fimancial
0
uncereainy
、
CPI C consumer Price Indices )
e
The Contral Bank wid choose a bundle of goods that repnesent
ypical household consumption
'
a s
patterns .
imperfeot
household ooksfor a
representaeive
-
{ products / dated
The OpI quantities are
periodicolly up .
CPIs are used o compae prices in diffevent years .
Example ; 4 Apples ,
24 milks
base Pa 4 pm 4 4× 4 + 4 × 24 =
112
year
= =
next Pa 5 Pm 6 4× 5 + 6 × 24 164
year
= =
=
CPI =
New Cost
X 100 = 丛
10
× 100 = 140 .
4
( 12
Base cost
CPIt + 1 PIt 146 4 100
%
-
Inflation
-
⼆ 46 4
.
=
⼆ × 100 .
CPIt 1o 0
