8 Konsnis 628 _- Meeoodd economics comer fom Ga rt ono eig ona de oo Manages ho housdldg, — _Soskehy cul Grinare Rorourees t= d scocidhy vosocerce is trnportard. because netonces 22 ).41GNCSCONS aval rengane.sovich) nas Gonled eroucce: 2 : hontive caninot_produce_ all tho goede S Service people cured fo faye, soe lat aoe ot BE __Eronomics dt_a social science conient coith ephoncan clizchon 2.6 Goned recunces fr-adving_stifacion. econo eoants_ p AiMliememacmicg se Nt |. TMeroecorocries Poceses on indlivideioll ants @ ,econorauy heed L she howls Forme yr closson hoon thy anerack in Rh lepeckic rarkoky, L__Macrmeconomics :— he yhonomenon__ L._Mscraeconmrnies taker economics asc eve tine Inclading : + tnempoernort fecomactic-dpoc, i dik Aaloco vt ing ffad- haw fhe economy 08. -osa.uhle |__| Perncinlo-@ ae the stondand ig doves ono. cara. produchion._ a ___ Yordord & & Giieg cng be measured in cliff chy nos — cypersons income © ah’ @ ; 4 ont Comparing the fotad market voller & “noborss predluchion oa Plmostall. woxialin ‘n. Gviog standard aneexplaines tien 1 —Be8 1n_countra aes ae Ayes toe)’ 3s —— — Whol is_p tachviy? ship | Peadlactivity ts Lan & A hse service -e proce onset acy) i tae la car in pul: si esmae E | Rendgle-g Price rise cohen the government prints ho couch snonoy Soflalin + Qflation ican @increate in the overall Goel of prize tod seconom % One caoese of inflation s.Ahe aroco!n. in. the os ho seco kohon to aprex iment oreater_a. large qyonhhy & ref qi tho vale b the monery fal. ; | Peincigle 10. oo faces soct run trode && beksoon nPlition | and ‘unemplo Ne wes Carve illustrates ahoct ran \orade off be hn me ein allt was i nection i yd | E ae p ghar corned for goods b service | | & Forms rice prices, high hier wore coockers, produce tnore gel, » service (lower cnernployrnart) ip yee _——_— = po aecopersica San ib aay QnPlahon aie Dltpuk-arwoti tT fe 7 hp 7 5 The are the mator sarvicey de macroeconon Z|f I | __ Basiness ls en bert 5 Ne busines pale Kacy cle ‘Rulshocts YUN O05 | lag ‘a E in the eae coat, “een aor! ae ea a wate Ou Nut ape pone senders yi F feng aggreg rate: ae aunty ogo, psewvice produce ac 4 Sn.din_econoensy in oO given periods | wh yeti s Ny 9 grey us es iL PR Geert oy iP . ae ae ee. Ly 2 Hae by 29 ig : a 3 iz h 7 Pk batpan st ee in! pel entinen cf oa Bon — 21 rough toy peak, Clarins cahaiela ocipat_and_ernployroant rise Les iP conbrachoodnecession is! oviperiod in he bassin aL a eo ba mae eae | 2 ty be Sf of _UT~ 09-8 83 Ch=3 =a and Be fea track by an cher ig oth n_cuir_couhry, ond areuindl_the hail Say te - > oterdependence an A Vrade_aro doriveble eG cilbeo —— ereonjore | teens wreaber_qpantihy. 4 vearel Ane: gent / Dbsaluhe Adv ee “4 4 v ee he contyarhags Canny . prvtlaceds Ro god occoraliy Lo Aho prodasctivity {s absolabe — gine peer eh - Describe be proclectivihy of one. perseohrmor. ation toreyen Severo forot hor aise athe prodcor pat nequine gonad! qantihy of ‘ieypub to_preduce om god 0 fo bea dbylube advontage ae hein ¢ pot. ____ Ditlenorves in cont Hhe_proderclion sist awe pre ct eee ino" predace a. conit_d_ouleh ont we aimee cok Ka snoring one « gpid foe anothor ih Advan! crifice +ho..obbtoin soe ee coho hos seal cppoctunihy Tour praslogs aa ’ f a have ao cost oP_advantage * maak | Ocunc = Dna Formers - res eal) ‘Scrinioz_)_ ro ceeee agen ST Randhen - = BOtwin/O2 10 epinfoz 8a cow a en2ok Ranchers. have oloslet | Vat odvankegy Qo petaly Zs pe _ Arnount mak lew peotaboes 3 produced ir in the oe Meat _ Pototeos Farmer," gare Brow hs Piston. haa aba e_eost_advanlayt Romeo — Woz u%e2 in oth the cares fractaily cost Boe taat Faeroe > Yer # voatoa ae: weer on eee Ranthor. “Q02.8 potatoer —_ for Kk mak aes *| ” | al I _ DE onal: 2 ie Ae ~ | Prod ten. Possibiltis!= The. proclacti r : oon i eh. _Minoter “need to ho shoo, 4he_comnbinalion k.outpat Arak the a Moke dounce economy posible yoracluce given. the availabe (dole eat Potahnes —faelot dtr production 2 ewaitableprcl = fol _OOrminz 1B eninjoz__} technologa cee a Ravehor 90 enin/o2___lOmin/oz i - Remon. Bor Woz. eaVi -. + L Rancher Woe ___UFor -__ ae The gi £0 ___ preai®?) ee gf F thane is snodoade. the Par men.ichoo’ ex. cane =e eee thee peation: ve cnognitn iene os . re df) tt Bie 1 80 & potatoes | fi "Ba Subicienty_ Sd Ue By ignoring edch_ ole = Goch consumes. chat! each produces = Mea PPS alo the consumption etl fon. ~ WOithouk the Aveda ake ecomomy, en diminished . a ~ (Oe thar is no trade the rarchort choose, es I | o Moz bor > fie oy & a = gles — A — [ ereMect coithout aes UHIR= bor ES See ih rah U) PPler drade 3 Bt1S= (Wor Potatoes coitecit Frade > Bt eat= U2 _, ete res | Rher Frode 11+ 6872! Moe ware = Hae (How by traake- -eopaindg:e 25 i i F 7 0 ad | Te former: p prousils and.coracimnplinn cals ui abs Lest 7 {b ghsesh i ne oehe: Rorchors production t.conunptiog ss z Le 2 Ng (Op tiie i Pn ke < oesnepalstoag Es fe © Ranchars production coith trade ___-_-_ cot, : I soe © CRanchars Prdochon acoraaeybay afer tyes) you ‘a Rarchors production 2 consurnptin wthouk, er — ya) f Zeal aed fe r Ror gq dHee 2182. Ube, Potatoes (02) — 3 Dk 09 Lol 23 a 8 What dabermine, tha price ot cihich tad toh. place Fay? Por both portien .to-gain fram trade the: price_at- cohicle, tha rade -rnust lie_belwosen tuo prodacers apparantly ces —__— 8) Binaries ¥ Japanese taiecan each produce 4 corso ugar — erorican-ocorkors_prodluce IOTon’-d afin. o-spard © SSRN geo rkars produce 5 Joni qeain ein 8 epar. Bissume token __eounhe hax 100_enillion: d_coorwer eS WhGireglt dpe PPE for the dapanant » Ammorican Rasher: 32 ____di!Por. “Os whats Ane opoctunlly coft &-0_ car 2-groi9— Eg) out Foc Japan eahakb Hoe oppoctumby. cask. daca defeat = a diy, Which. cout Fes cake a c8t.advanboge in-fr He ALN _____ te ncanhry nas Gioclule cost achantoge 9 gale ae 2 fig, \Orich “tory ps compar cxdveintage —incaie grain oy ,sD thou trode. i Oho le the tered 6000 kaye practice cot Agar —S ios) —aparkiy & conse grovns “dees 20 dtecankry prod Ce — aaeee (0) Proocsrt prodexced {U0 rnthon "Cor ie oillion Ten) gp ime is na_abiolaly cost ochesksgp Poet tne cowie a in ear, bot USP haw sbssube a adaninge Be he py 6 Grol Me 2 aye _-Opportarihy Cos USB. BRE arn 2 i agon, Sta ot grain : als a cau eatin! Ta iti9 Mogan, eee ce arn. production Kon dor SRT at reese al sea “_@ Masia-con read 20 pgp. ck economics. in.anhootr. Che con allo od 50. pagar sactalogey patent Sane nS.bics for studying Dao Aone (0) Drew te preg The Moria on resin economics & soctology 0) pohal iv Ave_apportuniy cost. reading. 100 pages d econornics — Wests So one hoor 5 Moasia’s | pie : oo Crp poze) ele Ta Fey 2s Ge ___ On| Oppo chunihy. cost oll Benes = Hens Belal sugnd at _, 280 Sociology 50/20 B socidayy _80/S0 of economicn chia oe Ee QS) cof OS i odsrss 1 ~,Oprochuniy costo for lige eo feces sil iu oe ‘| Bx 0-40 a then gnMeaning the the cost of at Living S = inflakion a a vaituahtan in cdhidh the econo,” “overall price loved & dsing: The inflation vratte-is_tha: percent 7 charge’ tn the price, towel av the Cae. see = EPL =" Consurnar Price. “Inclve 2 GP oc moaned overall. cost a ne ae service et ne ra coer 5 J: “The Bearu of tetbouw. toate yo a ee =the BUS reports fhe CP each cnonth, Dtuused bo SRE doy leo ct Ring over bine 1 YOhon tne CAs AR etcat Foray hoa sand Ae dello b | maintain «ome standard! dene Giving i jou dhe crt ‘calculated 7 _ ee ; z Gi Tale, ie BA j = & Debormine cohol prices Bonk RASA. te We hypleal. comunor, a 8) Te BLS idontihea a market baskoks_o. apods. =e i Sey The BU_standord_crontila: eorsurnar serves lo ee coelahb | ‘Roc (he prize. ot good B- service | 10-10-33 x a a ee > Flod the price & each c wy sorviee_tn Ae basket toc sae : La pote oye Comy =, Use the dake. » tha pricet_Caloulate the co & the baskot ap z lp service ak diferent tires i an = Co, hse ames. ar nd. coriie i i, =e g | CPL = 100% Gost dt he basleek ‘in the coxrrent ugar I Le Or d Are boshok tn the bow year eae 0 een rake Cer Veord- CP Yard yy | OP Year d ; || th tities 2 bavagers eC ete | Irian oobi d the gina OE cars ae ls fe ip =. N= 2 faT Ds B02. $B se « i o\__¢3-— >= $4 stn a pinklatton rate. Bre Comncite Aha pasha cost BOW > ($1 Y pizza) LGD 2 berg : | gon > Chan 4 pizta) + 3.8. users) = A | aoa > CB3KY pizea) + CYP x A bumper) pAO ts + Compute tine C01 2 ry | ato > 6487 $8) A100 2100 : _ : 2 POU CHIM/$H) RIGO BITS sage niggas al | qoraes Gml$s) xis aso y E “Compute jhe wnflatians abe — nt a _____ 9ation vate aott> ISP -xioo = 16y = . 901a>- ae ae z ri oe Ait ee es By toner 2\O ax fhe | nae PaE caleulate eo. cr. 7 fates balls, sha bals__ et = ao Price the Bootbally Price af bstbek oll) — _ a $i ak EB eo $1Q_ a oe Ce $e pag et ba el Bu considaringzowas the hove ager, catculate ead aan OT BB teflakon vale eS —Aiyy.= Compute tr Prasdol cot | patos Chibx Sa (SiaxWebre H QO Chiaxa)s Chien) 2 $Qes ae atm __| apis C43 +Chignade ly -Cornipite Woo CPL : ano (474/978). xiao efi BOW C496 / 478) 12 VRB QO> CHI) $78) xiov_2 146 — Qerpuie the Infiahon ra Roll 183 0_sw9.= > 98% a> ey am R100 = ter 3 e sii nil Ignites os Si ser eee ee = Producti: Fe iota Ae Vole Rice 1a ATP “Rice phew zi Iphone. fie ? tl opdia__ lo the __@DUnr___toog_| Sopa Nov-.9 # ] _Us8___80Uhe lolw__S0& 100? Od 8 QWrome (yee Ofhoke 13. Sei_| yo, 0001 ___ Penal reach pA a os Olea MM ge Spdia. 10h Adthto00 Soo 0 suo BE Jopan s0Uh UDUn 1900 250. toro 0 Bow | PPP Odin | 5° Mob 10? Pre: rads. “Prockachien 2 (Opportunity Gok 2M Ls I M | ieee 9 _ suv ABD Gidin OSdL 24M J sw_las. Sopon OL Dagon has cornparahve cox aS aN n. production, dt Mobile QAndia hos comparative: cok odvantagg in 1 Laphop “Grain from Tratele 1 B12s_loplve, Beto ts Wore os Vas mee cette erst Gis fo atest 500M = a Les uses AM 1882 9.25 : aang de Sm 24 io ‘ VSDee oe - What inthe (Py balet i ma Ins volvo calcealaate the othor incler = 6) Index tor cliffarent reais within the county [PPI Crocucer Price Index) WOnich measures the cot of a borkot guds & service. beugtl Sorens radhor than “Ihe conscamen . Peclers | nm Baa tot & Bring > Subst \ | Due io he culosituhon.bia._¢v3.b not perfect for ‘menu he cos & Gi aa We bouke- doen't charge to refleck consurner Yeackon to pea w wlahve price: Cy The comumor subshtuhe touscrdds 4 re have beccsne srelohiel ts lon expensive . Gi) Me index overstate, inoreasi® in the cost & Biving by nat i re comer subshitukion > Qnrocksctiond _ — The boskeot duets Teflect, the change. in purchasing power brought on by “he tnrecluchion of nese procluck. tt Product resus in greater Variehy which in tum ra each dollar tore valuable. Conumor teeds foro dollar ty mointain cong we skords~ lGymdauseed Say Chang repartee a OF tho_ysail o.qa0dl vives Fra‘ ugar bo next, the vole & the dollars am aun priced qavd- shay. the same [lls BP te year to next the vale ee eee iene price Kgl gph siayp he sare. —_____she_ BLS by "tp adit the price | hia Se wie _ 2 ‘gudh differences" are hand. to. eanuere the CPL over staos Safiabin E dpout O.LA_per pape OR ee ae Ee — 4 Gesecti Eronomic Variable tor effecks inflaben > _ ag — Price_indox a ‘ured to-carrect Prd elbeok ot. inflation taken. fen “ comnparring dellan. Figures. for. ARE Give | igrds I Aroant in = Pesan in «Price €P3 bevel Today 2 eo Today 4 T Peke OM faye yor T Bape Mex salary OOCO!- in ACO CPL.2o10-i-1F.2. Cr 2e10 1s_OM.6 bOlat is the salary in 202 poo >60.000.x BEE 2 WR EOUT 26) “© Suappoie country hile min s ASIIS in_tagy_, Sore toon _ people “Min _coage is}. mS isn @ CA in _aey Is 31.3. ‘t CPL in 2007 {s_QIL. 7. Sho cahich_year people has amore * pacha oe ower? | bu Lane eSigday = isx a BLL = ee a VK 4 people ermore_ purchasing po A sk os ‘ __@) canal tution fee foc the sudont x ee cea ih 2010 ewan: S00)— oa ~Cronaonic sulfering cot inflakin, Genpike tae revise annual scheal be in 2020. whore cylin Wio ik 75 3 CPT in 20207 ty [lo {o_o #2 278033nr AGH) Shaw se Real Snlerest= Nerina: Sntorest fii 2 0a 9 20119 Alor lon inher ects ONS FOO oo oe = =< Ov 6% 107. Uh gy fi — AON FO, RI lok -ons tor M00. No, s. 9011962, RLS On r= OL 104-6 wiv 6 , =a a0 HH sw ie< Ve \S ve | _y, he. ‘oddone eigen sper ol juicy Income _on. Lene =e i carrot. fo 8010 thoy. uss handineo! heads & cauliflower tor au dbllacs, $0 burehes & brocalli. tor IS_dollors & Sa0 carrot_for $0 dollars. 99 aoll, thoy. bow. Ts heads oh canlipooer for. AX_dollaxs.. 80bancha & brocel! Hoe {go BEBE” 9 co carrot or Wer clllars A) Glearlate tre price 4 each, eget each year _Y Dsing a010_a» _bare_oyorr. Cal @ CPL each yar ©) Coutobe the inflation rate in aon _.s As-, 100-hoads + favo = a Nab 0) Near Cautiflooor Bacall Carrot ae _ Roto. $a $15 $0.1. sihatsnbaii AOU $3 ip SS $09 a) i ree ¥),, SOO Compule tre CPt borkel mabe: — rinse | Qoto > _Cvox $a).4 (50% $15)4 (500 x $0.1) = Sar seks | BON Gunx $3)4 Csox H15)4 Goox $oa) 2 $4IS ns i Cocnpute the CPT 2010 ($385 / $329 Kl? 0 sie! | Xo >. ($475 / 328) xtod= 6.) machete ©. B01 “oo OU “ &®_ Suppose the people conus three. apo tennis bal gl galt ‘palit “peitle balls & Ghatonods-~ : . 4onnis Ball Gok Boll Battle + Gatoneds. a “Rol Prices $2 SY — AON Anorki\—> 10 _ JOD. an. Ada Price > $2 a. _$6 eee 7 BO! Quarlily> 10d Sop _ ang 0) yOhsk in “t-change in_price + there qaods ___ ').Using 0. srethod similar to CPI, compute % den fna_overall rice Lowel e pee a| i — P yout ane thas, thatthe bol 4 Gatorade from 8011.19 A012. Sky : ‘sheda tho inkorenatton afhect qour calculation ot the in fakion rake ¢ Iso few? > 2 d) oR goa ara learn ge Ya informalion affect porade Shee wnbnodketie cone. Slovotir in Q sh your calealathion inflation rate: Ot sooth { | [ane $9 gots ons ee at aa a $2 $2- $1 x00 1004 | $6- $4 x 1002507. $! baa Faneen ie . {= -s < | | i _¥) | Bashok Rate Jgol$axio04 $Uxleod Kd? EOD | g01a> $axlo0 F $6xio + baxa~> $1200 cet eae "s (gol? $80 ye 5. (00 Wy,2 8120x1902 i z Kes 9012, rear x1 SOD (Sf lala 1$0-( x \qp = S07. | nied © Qf\akon dcoreare A) QoPlakion decrecueDr- 80-10-88 O23 gore Gecular fla Diagn : | ir (Chross Doenestic Prnduch) 2 og Staite a GDRs Ane matt solar ot al ical good. services speodaced within 4° ~county.dunng period fe Wom sg a, cane eee = »Not-induded_tn_GDP biter Sas a ___1. Gatds_produred for self _comamnphon_ Sept prvducedl. insklchon gare B 8c. Snhorrnediate gunds Ba Sia Gig es Sia 6: 3 Gods produced cat ct thy. omy a 4= Second hand_goods Nie tlt a MS 1 otra: | GDP -roaaure th otal expenditure i “called ancamed of navy procluced gon _b sexvico_in_an economy. WP ancamnes tho Aoterl income or fin the Becdustion ee ganda Sener oe is eoysol to expenditure Q = The circular flo diagcam iso visua) model ewhich shows : Lor explains heco Tones, Jlocos from one_sechor tp_arotner sechor & ___|Ahe_ econo Pht aes gat = © Aho circolat flew dliagrara (CFD) there re 2seclon 2.2 trarlzh Me CPD explains the moremant 4 oc the flew & qouds_¥ services 2 _ actors & produchon.drom one sector to_ancthar sector -hroudh tnaDr- Bel 23 $$ Srroge a heypthstcal_econas | econama Ding ahtre sina nrc Rtn Cun | |____ Gienallc Lida Home holel (Jk pyree Genel Ltd). Higher a0 fo), of loweline preveling page nate 2400_er clears yoaiet. arent $3, 80,000 por annutn 3 borrowed 240.00, 000- ak Ie toherey. role 10-k_per amnure. JK Pare Qonch's Ucl pevcleces 80.600 fy per annum 2 sel it ata price FUN perks _ (0) ay Roprerenk o interrelationship helween_comuming & Prods —____seckor ob Bu above hypothelical econorry to circus Tow cllagcest __ Jou crac Rovenus JeAgnee Hhonebic Ltd» eating ~Alacirg, the Sts epeun? tpg a —_@) How euch income the Nowell i -2excning. durioay_ ihe yar, “Ay aie ae Se a = yy Revenue > 80,000 KARAS? £36,00,000 (C)_Wlage (Fins Expenchture)= 400 480 3965 = FA4, 20,000 Ront= Rs 280,000 maretst ‘et0.00. 000%, 68,4, 002000 1 SFR wht a | Ahal = 24,a0,0004 2, 80.000 4 4,00,000= 2 36,00.000__sini Deb. “acodite (sel an aay ®: Qokermediate quod = Final podbiginas en cass 3 W aly —@ legally prockyced qaods_. ©. Teey ced. oda —Slatiye se hia ) Proclacls. eh wig Fire © Products produced innide re © Pevclasch produce outside te | counkyy ago Apres weounby scan Buber = sd N= C44 (INK ies epg C3 Crrurmpehon ot eh > Snweastmnente site ii 1 | © Government purchnes =e | NX>_Nek &xport (X= N) 9 Sxoark nek Cs Contuasnlion “Wa_spending by beso service but udu ioe a new howe. * ae eh \Q= Tnvertment meres “filet spent on cpt il be. » aed in ite ty ode| Dr 08-e B lorem 38 alae cb ads service. porchowa by prea, central stahe 2. local ae ete pouymert sush.da soul cecal ore, = “tering \morane bereits. at es tare nok syed. exchora 4 coment = _ produce BY sorwee 5 Wanalor pasynont_ aller powshold nome sbal dhay donk relleg, he _ prodluchion INecianal GOP vs Real GDP: 15 UNoninol OR: vere OD? values oulpub cing current price 5 rok corrected | in | halts Naluas output ing the price d a_bore year. the real OD P is —coneched fe inflation. : ae daf\aror = 10x Nutioal govt 1 Ore comy, bo creagure the economic he role hbo Daou percentage Inereoxed in the GDP cleflator From one epo to rent. Nese “Price d Pina ee Regd barge —_ee wD | Q0\0 yy | aon 2 10 “0 Bon ts 20 $64 ‘SO. @).Calatate GDP for each yor : i ® Real GDP aa on GOP_for each ne Dy conwiduring 2010 a3 ba 7 a) mul Inflaho &) Sn cehich economic ag hesprens 2 Jahby 2 Calculate L Lecharye in NOP? » RDP eees Ox zs 5 t SS hee a 7 £0) Corp 8810 Nerval. COP =| D - Giro) + 62x E50 uargoe) = fun. Compute Soi" acini 2S60 We DO) see = (43x avo pices) tou AS. 3 beeps) = $y . 0D) Compute 8 A010 Real GDP = (LAN 0 gira L8: ARS orip)=_ 4200 ‘ GON Raat OOP.- Cx wo" D4 Gann *.) © 3.350 801A Ros fe? Cin. Qo0_ nani“ 2, $500 ©) ‘app p09 deflator 2010.9 109. eo = 100 0D x60 2 v4). | BOND (035 IY or tonae ‘ R01» wo ae = auo __._. RoalGnd? ot.Qou more than Aol. tea happenin. aoa. n n-campare: fo-adil_on Real GO? = a6] : bet cardi vay aap nisi - 20> 0-20 Jy 00 = 001. a : a) “Qaflation:- a gon > (AI) Aw = TW ala SEQ )xwo = 40.35 ; _ % tart sant Pere Nya 8): Beanornic cai oY hg 10 Bolin a 9010 as ot 2012 is crore than 20K __i Roa» Care Mt ci90 = :M- yw GDP ¥ conoroie cpa ing > — RODE» Por -earvita” iy the chain iodliccelor && Aho. Rea GDP par capitate —_persory standard & Kiving es i A).OT bs nok affachng the porfack meme é! amore Valu. dai, {idler GO? excludes: . fell cil ‘ —» Nave & Are lerare “ . WYalus é- the cloan enviornment - a ’ ‘ip Naluo & alenost oll achvilydakor pfowe oulsicle the market such valus & timo, paren syarh coith children fa \pNolao 4 volunteer osork “Ober qyssures df Neliona incofhe OP 5 GNP NDP, ANP Gross Dornolic (ras 8. Net National 8S Donati —Boduck SF Fey Peal GNp= GDP- ENPIA ee cad) GNP CComoo National Procact) ; Deis, the dod tneome earned by the pereanan) cerident & tho covery. 9 differs Rroen_OP- by duding thar our chien 1100 tho abroad ¢ exclucling tacome Anat focigeth earn here Ex 38 Ronignn citizon iad prodace_gorls in Indio. the oulye> Weladed in Indian ODP a it is indudesl jon Rumi's GNP NNO (Net Natone! Rook) fis dhe’ «use This the botad income Fa nation’s nesidant- Aepreciestion __NNP = GNP- ich eo pouine value & each ausety eith “pasrone of tyne) j ‘ah : |N= onational ‘Soeatiel = Nation Lacome the total tacome., jearnas):by-c 2asnahop)reniolont in produdion &: goo: 3 service. __ NG is. oliftore: Prom INP. exuding . jndlireek busines doce & thdluolit busines subsidésy. Meat he ta ‘4 2. »(Personal nba: an east Personal Income is the. income: Shak howe bdal_ 8..Pons corporate buinen meceivedl & excluded. the dypetgined eourninn ts (Aha snonae, aahich s_kegt for fulure we) GY Salps tax OF is-al¥o includle the inhereat income thal hows hole rai Rom toi holcling of gat. oo 3 fa income the howehold_ receives) Groom the gov. + ieaber stessictichi: ~ % who includw the disposable tap that howreholds & ron - corporate buss inener ‘ae left alter fares & other pao to govt: zi loa en Parronal Imtore = Pl Persorbl Jon ges Ore dor Pompei 34400 for hoiecert over ie dary i Sapsipenent- Siiahsod w_val 50.04 tne remnainin: 380 Barres spent. 20_ Govr sales Tox # @ lake ARO -horre «In wage . In Anejyr nO. in:urines - to get mew -coy torment in -cvor fuluire. Ape fot. payg 10 f° Income ta. Bared on the informatie? -calowlale. OOD G_Nve__cil) NY pd .ep De3.. splaeniatiy On. BP > S400 ica 2k tee ab ges yrs Sapte G)NNP = Sump- $s02- $350 re ne Be BINI2 -WD~ Salsn fax = $350- 02 $390. na capes Gy PL = Sncome- Retainesl earning» $3Q0- Bw = “3.220 Q)DPL = Personal Income ~ Personal Tax » Pao -_ $72 $60Dk OB- N29 ope DP Deflecior e CPs» 222) ODP-dofleckor dayonds-apor-comrentiy produces! gos GOL Defleclor cor 9) Gane dafledor: based cipon Freel baskek ch the pi caasrenthy produced qoods 2 service ‘service aif dep c oe produces! gocls Dovwods w service Pought by service costumer | ong sais Dexcludect in GMP “=D Sncluded in GOP-CPL sac gon indudad jo 1) Capital gods. excluded iwcrd \Popranchas or sos Sane: — dire i © a aa <4 eee Are ny oak sama erties Fialp QW service. = @! ‘Socome appragh:- svt a) Measure the GDN 08 He sua & te inser: pt s ile. O0g¢, FSEb, interest, preht. @ \olow odded soybirmach:- \ Mesure the GDP co the suen ee added a) ean stoue & prodachon From initiod be fina oo8 A Fanowe wx tehaak, which is_sells too nit for ip, Tracirniller dura the oohook jbo aires coin Bese bo. a a aker for bso The baler tury the flow into bread colic is sell, tothe eorumer for bo ___¢0) What isthe GADP_in_this_economa explains 6 —_ODCalculohe_the value_addedl_6f each 9 producers. - __@Whot is the total value added toro 8 producers in fh ecnrny? 7s Does thir_exarmple_saggest another. ovary & He eaten leulating to the opr? Phaser. ©). GDPin_ this a “ig_$180- Becaine Ye final snorkol price sf tne ___Breadl is $180 - ‘ ee 0) Parmer $00 _ Miller 3 t1s0- $00 = $50 a ____., Polar > g1K0- $190 = $.80_ eee ©) Gotol valen asidosl ot & producers in this. ecoroiny« $1004 $504 $30 =e Sail 2 HeO_ £4) Nes. this_exarnple_sugges's anothor. an) FA. oat bo hw GDI. a si Mk- 3-83, Below ett data jompahy, he ateaion &. milk ond hones. Year ge eh es y et -_ Q0\0_ eI JOD quads rh SO. ie QOM ites oY vot oss oo" = S aang ange gy -, [ony en in} Compute Avo norienal GOP, Real GD? 5 Ane GDP diflector for ench yearling 219 BO10_cu ast: qgaun. ae = ope charge 10 Nornianal CD”, Real GOP 2 GDN deflachor Se in Dil-s 2072 Rom the 4 precedirey year elisa ident the Z Bo eves, doesn't change . Slain fe cele —— 28 Eronomnic well ‘bene® scise_morein_adll or 202. ebolala.(0), Noreine! (ADD 2 9010 > C48L A 100 sat aot “Gard, gps ts nay) $0 © Bo CHL 800 gpa Jel) + C$-0.1100. 4h at 2849 pola _CH2.xA00_quevdd. aol Cayxioo ta) s 2$ 80) Roa) 00? :-- vas Qing In (usher uudley “pot adminis Baw. ypors B00 gis 8010 Com \90 ont wil) “(438.50 pr on 420. BONS CEI xQu0 = ns D+ C2 e tno" D2. S40 220199. A x. 8601 "DGD wrod aston. Eee one es ® — Real a0? oo Qo10 > wo x By 2 100! 1 80W! 100% os. 2100 ¥ GORD lov Sy 2A 7 _09; ‘nNedinal ODP: : cause 80> Sp 32 x1 2 Wor se . apy! ee Cage lwo = Be \vo ye oo ye ~ het __ a0\ Mer), Sie oo eS el . n go> $00- So —pdogonp OOP deldoe — d0l3_ (ea8. 1 \xyoeOp — 200.9 P= ‘ it 19 CES aon =100= oO ler will bel hampers ta » 901 OO coratanech_ a we oo Pope. (201) ts mone than 200 oe ot as Naa Bad in DOM 8 AOA LcONomie well_bamy _memaing same, _ | 8 Conider an &conornic “that. onlyypraclaces checlaty bar. oe |eyachy + produce.S bars -& prices $4. In year ps Ais UW toars & price b 4S Dp Near 3 qk s Sas b Price i546, Oralelor Year. Lar have Meer v's os ang (6), Calculate Noor _ each gar ROP, CDP deflector each yor. 0) What is the“ change in ROMY in Necor 2 : Dos, Noms Qeior Qevaantihy 2 Poiee es 4 Bags PSS $e Sa abi sep Ra A eo oe ae 8 Scapa te atest tal 3 S $6 depts it @) Nope (+) 1 Champ in RO? Nene 3:- Lap C$4x 3B) AbId Sie HEA xt0.- 33.37. RBH Chas x4) > $20 3eAD COOKS)? $000 2 & Rano. : B Rinne Voor Near do iy Ss edt Se oo} Ai ANY) NOs ea ee a ee Qs CHM x4) 2 S16 - >. “ 33-C94xs)2 flo COP Detlector 4 ai fav 2.1602. Rone aS ee 32 $30 alove SOV.| De- I @N- a8 | CH-as Production and Growth i Reger canta a we i ROD? per capita = eee ts = hk is a momare ckardaxdl This is inorecua onky op go exceeds population growth. = = 9q counbey's. coxaiey populakion qrocth exceeds DP qnoasth, | Bodog. stardord “all. : = Counny's steendard & Giving deporcs on it atbiihy to proche quods 2 service [city v phi ~ Prodaclvihy wofers to the amount & goods & sprvice thaka coo can prodace Rom each hor d& Be ork. = We dachor & produ cots clolermmines the prodachuhy wo Mhe Pactor gt Produchion:- ©, Phopical_capital ©. Henan Capital © Natural Roraurcey @ ee Technological knowledge. © Pepical Gayital :- iy a proderce ackor ot prockuclion = 9 — OAs ath impale to the prodachon proven tak in the paste ‘output in tho Prodaction procex - upd bg ~ By js the sto & exytipmort 3 struchina hak ane. ago & service - __fee exon Tob evs f build or ronaih anole Ted comma to build farnibure Tok wed t bunt ony. cruhure,_ © Horan Capital: ae el hi ecomomntccBBEA Gers ths Wola 3 shill thak. coskarseqeaire raining B Ox pexiencers, sy = Liha phuysical coapital human capital. veolses tne nations ability = sf PL Sn octet ae me _ © Notural Rasounes — Yenpube_weel in ih en shal has pond. 7 mature. aah as Cand vex 2 mineral deposit... bias se ‘2 pat = Atyra & nahuca) resources 2 » & Retidble rerourre) + e-TWer, forest Lend Non = Re Giorke nerources’ > Ge fossil fuolt = 9 Can be imporiatbat ot recessany for econarntg tebe highly, __Lipreduelyein producing. tls B SOWIE ss @® Technelgogical Knows L + Bodiely's cinderstand ing * ho coast prodace qavds b service, = Wann capital rate refers tothe “Trerources agended traniratthig this — fo te saa fobour e ferey f - 4. enchon ae ier Renta say we i spctian ain ra ee the colabinah(p doled ig h a ionpube = &_quentiy cox in oulpak oredurlso INE Cae dinrigolees ah om eee A> Availabe production technalogy seepeab st -pitivittipetee’ LB 2 At lohor Boag ig neste = Ke Od Phasical Copiinl - 2 — - Wpt= Qt at Humon Compiba) = Ne Ob cd Noturak reyource F Rancion shows how the ins ore cob = ON= AP COL, AK, Os = Ss > AEG, Yi. HIL. NIL) “oeWe 15-93 lees poses ond Pudi ely — $$ 2 Government can’ do Hringp Ao rise _ pity a wliing ~ —— rordard. hat policeg. is Bae ssa ania ¢ So Soving § Onvreshmnenti= = iy ts = Ona wary 4p waive Rehune grodaabviky h_to_iimpext_morecrarrent —TOOUNCE in Hae prodaction, & An capital Hook ii ° Lees eg ay Sy 2 Dorrinishh rg Qodurn_& Pate diab Bis ee SS — Doyoleped ype eee es e hen: economy har. o- hi Pawel far copi Rrihont & rr Loads too senall een | in epi roput 8 m he ont ea ong. nde er” free a additonal tanit of au fala Aine is catlao! St 2 Rekurn r 2 — = Becaunt i desing cohen | ‘honeaut _e lores Long tetn Ye higher saving. co tak fea ho. Shep load E proce \ncome. Dut not ty ine, gecuta in. Frese, aren. __- The Sonn ofheck yehen to the propery, weighs oy county _Stat_stoxt off poor_tondl to grow more rapidly than bigs thet —leneeertia, eng at haeencourage oe vest farsa oon eka © Government con. increax capita aecamuletion tenn gtonomie sgroeath be, encouraging ~investenent form Heat gmsscetion & Avestmant foe Bowoag) 53 Ib eon Sea | ——— Praign ~ Foreign = rte Dingohis 22 Porthea i ee Sewerbrent Sarworkmanh ey HEDYS seers. - 9) is capital eS - _Oronadktoperateal. by ty reiq nent s = fence: Forch Company. a OS seisenng fag. n Manica, eve Puvestos dc tout = Gnvertmant & Pkaice | by ae — | Operatest by domabic 1 ‘i = Ge An Arnaxl coun ‘coun ay niedhoch, 4 Mesean cornorahon Dea az @ducakion:-. dais lager EN ete = Abe a counbrys Cong WER growth ccucation is ot least ienportant Mvetmenh in.phygical capital. Tus. ore he. governement can Aerhane the stordard ¢ living be providk “schools encourage the population to dole advantage of thorn — Pn educated person mint generake. need doo. aout how), best 4y produce goods 9 State Nay De ‘enter: saciely\ va é. lerocaled.ge % Provide external benefits footer way Broun me A es ~ Ore _proviorn Bacicg eomre_ peor couniien_ is the_boan devin Me - Meany the iwornigralions: & the_many ck tae most ghly -ealescesheo| worlers bo eae Th ceunhies dia aie ae a| Beaty 9 er - - Bat care expenditures is a hype & tnvestenont in human op, S boa coches are mare nee Property Right & Political stabihy i 4 Proparhy spt ook apo abilihy 4 peop fo exerche. cule ben, Yoo resources dhay 088 BOR ~ Ain OR as wide reapect for. property lah i on ‘yrrportant fe daplstes ror the price sushany dp work, = /9r'5 neconeny Forinmostorr to fect Hair -hoveshent Hiseion | Foes ods Vode is hype & techiology acour) ay Trak eliveidote bods. ‘estrichon coil eiyerlenee™ sam ti ck economic grout that » oteenr other a. roo kechnol orical advance Pree Trado inward” uhoard { oriented) Oriented I brads. Deena Orionbied Vado _ Polis aveicling iiherachons cath the thor cocnl + Ouiwresd) Oclented reds os Ply encoererging ‘nheradhony | oth the athe cori Reasarch 6 Dorlopost | ORasearch Gnaeth Gres net + ® Tox breads: © Pabend Suphern = Nr cabrones 4 Kechnolesical knowledge har lead to hight ‘skondard & Livin = Mosk techno bo Si advance comes From grvoke yetorch fy out | ivahdal agoueorch — Quart con encowraay the dewlepmenk Ean rech ralyy Takara tr fey broshs 9 Pale stonSa Papo aliony BOSH ~ 0, Strecthing denatucal nerourcey. © Diivabng the aphasia at Homan is wee. ABREU SARA Noi