Презентация на тему Indicators of economic efficiency

Презентация на тему Презентация на тему Indicators of economic efficiency, предмет презентации: Экономика. Этот материал содержит 24 слайдов. Красочные слайды и илюстрации помогут Вам заинтересовать свою аудиторию. Для просмотра воспользуйтесь проигрывателем, если материал оказался полезным для Вас - поделитесь им с друзьями с помощью социальных кнопок и добавьте наш сайт презентаций ThePresentation.ru в закладки!

Слайды и текст этой презентации

Слайд 1
Текст слайда:

How do we measure the health of our economy?

INDICATORS OF ECONOMIC EFFICIENCY


Слайд 2
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3 Key Economic indicators


Слайд 3
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Gross Domestic Product
market value of all final goods and services produced within a country in a year

Final goods are purchased by the last user and will not be resold or used to produce anything else

GDP


Слайд 4
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Intermediate goods
Resources of any kind
Used goods
Ex: Used cars, purchase of an older home, thrift store clothing, Craigslist, Ebay
Illegal goods/services
Ex: Drugs, theft etc.
Purely financial transactions
Ex: Investment in stocks or savings
Transfer Payments
Ex: Social Security, Food Stamps
Barter
Ex: Babysitting for yardwork

NOT COUNTED IN GDP



Слайд 5
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C: consumer spending
Daily spending on goods and services



I: business investment spending
Machinery, factories, equipment etc.

4 COMPONENTS OF GDP


Слайд 6
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G: government spending
Spending by all levels of government - military, school, highways, supplies etc.





NX: net export spending
Purchases of U.S. goods and services by foreign buyers (exports) minus purchases of foreign goods and services by U.S. consumers (imports)


Слайд 7
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Example:
In 2000, estimates in trillions of dollars

GPP = C + I + G + NX
$10.04 = $6.81 + $1.87 + $1.75 + ($1.13-$1.52)

GDP= C+I+G+NX


Слайд 8
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Unemployment Rate
Percentage of labor force who is not working

Labor Force: everyone 16 – 65 who is working or actively looking for work

3 types of unemployment

Unemployment


Слайд 9
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People are out of work temporarily
Seasonal work
Changing jobs
Looking for 1st job
This is acceptable unemployment

FRICTIONAL


Слайд 10
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Unemployment because your job skills are no longer needed

Ex. Technology replaces workers so people are laid off

People can go back to school and learn new skills

STRUCTURAL


Слайд 11
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People are unemployed due to fluctuations in the business cycle

As the economy declines, people lose their jobs

Worst kind of unemployment, can not easily fix. Economy must recover first.

CYCLICAL


Слайд 12
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Consumer Price Index
Index of all goods and services produced in a country
Measured by a market “basket” of all goods and services that are commonly bought year after year by the typical urban household

CPI


Слайд 13
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Inflation
Rising price levels
purchasing power of the dollar falls
Dollar buys less

Deflation
Falling price levels
purchasing power of the dollar rises
Dollar buys more

EFFECTS OF CHANGING CPI



Слайд 14
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Hyperinflation: rapid inflation
ex. Germany after WWII

Stagflation: rising prices with falling GDP and rising unemployment


Слайд 15
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As GDP rises, unemployment rates fall and prices begin to rise




As GDP falls, unemployment rises and prices begin to decline

RELATIONSHIP BETWEEN GDP, UNEMPLOYMENT AND CPI







GDP

GDP

Prices

Unemployment

Unemployment

Prices


Слайд 16
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4 STAGES OF THE BUSINESS CYCLE

Expansion

The 1st stage: when the economy has economic growth

GDP is rising


Слайд 17
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BUSINESS CYCLE

Peak

2nd stage: GDP is at it’s maximum


Слайд 18
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BUSINESS CYCLE

Contraction

3rd stage: GDP is falling

6 months or more of a contraction is called a recession

If the recession is bad enough, it is a depression


Слайд 19
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BUSINESS CYCLE

Trough

The bottom of the contraction where GDP stops falling


Слайд 20
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BUSINESS CYCLE – 4 STAGES

Expansion

Peak

Contraction

Trough


Слайд 21
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Aggregate means “total”

Total demand for ALL FINAL goods and services in the economy
from all people in the economy
for all prices levels

Aggregate Demand


Слайд 22
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Aggregate demand consists of:
consumer spending (C)

investment spending (I)

government spending (G)

net export spending (NX).



If any component increases, GDP increases, AD curve shifts right.
If any component decreases, GDP decreases, AD curve shifts left

COMPONENTS


Слайд 23
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High price level leads to lower quantity of aggregate demand

THE CURVE

P

AD

Q

P stands for price levels in the economy

AD is aggregate demand – total demand for all final goods and services in the economy

Q is real GDP (output) of all final goods and services


Слайд 24
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Total production of ALL FINAL goods and services in the economy
from all poducers in the economy
for all prices levels

AGGREGATE SUPPLY


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