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C HAPTER. Business Cycles and Unemployment. 16. EXHIBIT 1. H YPOTHETICAL AND A CTUAL B USINESS C YCLES. Source: Bureau of Economic Analysis, http://www.bea.doc.gov/bea/dn/nipaweb/SelectTables.asp?Selected=N, Table 1.1.6. EXHIBIT 1. - PowerPoint PPT Presentation

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Page 1: Business Cycles and Unemployment

Business Cycles andUnemployment

CHAPTER

16

Page 2: Business Cycles and Unemployment

2Tucker Economics for Today, 4e • Ch 16 Business Cycles and Unemployment© 2005 Thomson/South-Western

EXHIBIT 1 HYPOTHETICAL AND ACTUAL BUSINESS CYCLES

Source: Bureau of Economic Analysis, http://www.bea.doc.gov/bea/dn/nipaweb/SelectTables.asp?Selected=N, Table 1.1.6.

Page 3: Business Cycles and Unemployment

3Tucker Economics for Today, 4e • Ch 16 Business Cycles and Unemployment© 2005 Thomson/South-Western

EXHIBIT 1 HYPOTHETICAL AND ACTUAL BUSINESS CYCLES (Continued)

Source: Bureau of Economic Analysis, http://www.bea.doc.gov/bea/dn/nipaweb/SelectTables.asp?Selected=N, Table 1.1.6.

Page 4: Business Cycles and Unemployment

4Tucker Economics for Today, 4e • Ch 16 Business Cycles and Unemployment© 2005 Thomson/South-Western

EXHIBIT 3 A HISTORICAL RECORD OF BUSINESS CYCLES IN THE UNITED STATES, 1929–2003

Source: Bureau of Economic Analysis, http://www.bea.doc.gov/bea/dn/nipaweb/SelectTables.asp?Selected=N, Table 1.1.1.

Page 5: Business Cycles and Unemployment

5Tucker Economics for Today, 4e • Ch 16 Business Cycles and Unemployment© 2005 Thomson/South-Western

EXHIBIT 4 INTERNATIONAL COMPARISON OF REAL GDP GROWTH RATES, 2003

Source: World Economic Outlook Database, http://www.imf.org/external/pubs/ft/weo/2003/02/data/index.htm.

Page 6: Business Cycles and Unemployment

6Tucker Economics for Today, 4e • Ch 16 Business Cycles and Unemployment© 2005 Thomson/South-Western

EXHIBIT 6 POPULATION, EMPLOYMENT, AND UNEMPLOYMENT, 2003

Source: Economic Report of the President, 2004, http://www.gpoacess.gov/eop/index.html.

Page 7: Business Cycles and Unemployment

7Tucker Economics for Today, 4e • Ch 16 Business Cycles and Unemployment© 2005 Thomson/South-Western

EXHIBIT 7 THE U.S. UNEMPLOYMENT RATE, 1929–2003

Source: Economic Report of the President, 2004, http://www.gpoacess.gov/eop/index.html, Table B-35.

Page 8: Business Cycles and Unemployment

8Tucker Economics for Today, 4e • Ch 16 Business Cycles and Unemployment© 2005 Thomson/South-Western

EXHIBIT 8 UNEMPLOYMENT RATES FOR SELECTED NATIONS, 2003

Source: IMF World Economic Outlook, http://www.imf.org/external/pubs/ft/weo/2003/02/index.htm.

Page 9: Business Cycles and Unemployment

9Tucker Economics for Today, 4e • Ch 16 Business Cycles and Unemployment© 2005 Thomson/South-Western

EXHIBIT 9 POTENTIAL AND ACTUAL GDP, 1990–2003

Source: Bureau of Economic Research, http://www.bea.doc.gov/bea/dn/nipaweb/SelectTable.asp?Selected=N, Table 1.1.1. and IMF World Economic Outlook, http://www.imf.org/external/pubs/ft/weo/2003/02/data/index.htm.


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