Macroeconomics, Global Edition
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Macroeconomics, Global Edition

Andrew Abel, Ben Bernanke, Dean Croushore

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  1. 688 pages
  2. English
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  4. Available on iOS & Android
eBook - PDF
No longer available

Macroeconomics, Global Edition

Andrew Abel, Ben Bernanke, Dean Croushore

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About This Book

For courses in intermediate macroeconomics. Demonstrating a balanced treatment of both classical and Keynesian economics, Macroecomomics presents macroeconomic theory in a big-picture way. Comprehensive coverage makes it easy for instructors to align chapters to fit their own syllabi, and the text helps students analyse real macroeconomic data used by policy makers and researchers. This text takes a unified approach based on a single economics model that provides students with a clear understanding of macroeconomics and its classical and Keynesian assumptions. The 10th Edition features new applications, boxes, and problems throughout. It also reflects recent events and developments in the field, such as the recent crisis in the US and Europe and the many new tools used by the Federal Reserve in response.

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Information

Publisher
Pearson
Year
2019
ISBN
9781292318691
Edition
10
Topic
Economics
Subtopic
Macroeconomics
Index
Economics
CHAPTER 
6
| 
Long-Run 
Economic 
Growth
273
countries 
that 
initially 
have 
a 
higher 
real 
GDP 
per 
capita?
4. 
In 
FRED, 
get 
data 
on 
the 
levels 
of 
real 
GDP 
per 
capita 
for 
both 
the 
United 
States 
and 
China 
for 
the 
most 
recent 
year 
that 
such 
data 
are 
available 
for 
both 
coun-
tries. 
By 
what 
percentage 
does 
real 
GDP 
per 
capita 
in 
the 
United 
States 
exceed 
real 
GDP 
per 
capita 
in 
China? 
Next, 
calculate 
and 
report 
the 
average 
growth 
rate 
of 
real 
GDP 
per 
capita 
for 
the 
past 
25 
years 
for 
both 
countries. 
Which 
country 
is 
growing 
faster? 
If 
these 
growth 
rates 
for 
the 
past 
25 
years 
were 
to 
continue 
into 
the 
future, 
how 
many 
years 
will 
it 
be 
before 
China’s 
real 
GDP 
per 
capita 
exceeds 
U.S. 
real 
GDP 
per 
capita?

Table of contents