boosted global trade and triggered a surge in commodity prices: The Economist's metals index is at ten-year From budding to blooming high. This has been a fillip to raw-materials producers, GDP growth, annual average such as Brazil, South Africa and Russia. Low global %2001-04 interest rates have also reduced debt-servic costs, and
The Data of macroeconomics * Measure of economic activity Gross Domestic Product(GDP) Total expenditure on domestically-produced final goods and services Total income earned by domestically located factors of production
3-1: The Composition of GDP 3-2: The Demand for Goods 3-3: The Determination of Equilibrium Output 3-4: Investment Equals Saving:An Alternative Way of Thinking About Goods-Market Equilibrium 3-5:ls the Government Omnipotent?A warning