Chapter 23, 24, 28

Slides Chapter 28

VNP-Econ-Chapter 28
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Slides Chapter 24

VNP-Econ-Chapter 24
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Slides Chapter 23

VNP-Econ-Chapter 23
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Unemployment

How Is Unemployment Measured? Measuring unemployment is the job of the Bureau of Labor Statistics (BLS), which is part of the Department of Labor. Every month, the BLS produces data on unemployment and on other aspects of the labor market, including types of employment, length of the average workweek, and the duration of unemployment. These […]

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CPI

24-1 The Consumer Price Index The consumer price index (CPI) is a measure of the overall cost of the goods and services bought by a typical consumer. Each month, the Bureau of Labor Statistics (BLS), which is part of the Department of Labor, computes and reports the consumer price index. In this section, we discuss […]

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GDP

If you were to judge how a person is doing economically, you might first look at her income. A person with a high income can more easily afford life’s necessities and luxuries. It is no surprise that people with higher incomes enjoy higher standards of living—better housing, better healthcare, fancier cars, more opulent vacations, and […]

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