Transcript GDP

GDP -OUTPUT
Econ 102
Fall 2013
Real and Nominal GDP
(At Current and Fixed (1998) Prices) (New
Series)(Annual, TRY Thousand
Nominal and Real GDP :
Source (TURKSTAT)
1,600,000,000.0
1,400,000,000.0
1,200,000,000.0
1,000,000,000.0
800,000,000.0
600,000,000.0
400,000,000.0
200,000,000.0
0.0
1998
1999
2000
2001
2002
2003
2004
GDP nominal
2005
2006
GDP real
2007
2008
2009
2010
2011
2012
GDP REAL at 1998 prices
Real GDP at 1998 prices
140000000
120000000
100000000
80000000
60000000
40000000
20000000
0
1998
1999
2000
2001
2002
2003
2004
2005
GDP real
2006
2007
2008
2009
2010
2011
2012
Nominal and Real GDP of Turkey
Growth rate of GDP
Growth Rate
12
10
8
6
4
2
Growth Rate
0
1998
-2
-4
-6
-8
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Composition of GDP
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GDP Billion TL
GDP (Y)
Private consumption Exp. (C )
Private Sector Investment (I)
Stock Changes (I)
Government consumption exp (G)
Public Sector Investment (G)
İhracat (X)
İthalat (M)
1.294,9
920,8
234,6
25,1
180,7
48,6
308,3
423,1
Example_Nominal GDP
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Year 2010
Quantity
Food
1000
Health care 50
Movies
500
Price
1.0 TL
100.0 TL
50.0 TL
Year 2011
Quantity
1200
55
510
Year 2012
Price
2.0TL
110.0TL
60.0TL
Quantity
1300
60
530
P2010xQ2010
P2011xQ2011
P2012xQ2012
Food
Health care
Movies
1000 TL
5000 TL
25000 TL
2400 TL
6050 TL
30600 TL
3575TL
7200TL
37100TL
Nominal
GDP
31000 TL
39050 TL
47875 TL
Price
2.75TL
120.TL
70.0TL
Example_Real GDP
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Year 2010
Quantity
Food
1000
Health care 50
Movies
500
Price
1.0 TL
100.0 TL
50.0 TL
P2010xQ2010
Year 2011
Quantity
1200
55
510
P2010xQ2011
Year 2012
Price
2.0TL
110.0TL
60.0TL
Quantity
1300
60
530
P2010xQ2012
Food
Health care
Movies
1000 TL
5000 TL
25000 TL
1200 TL
5500 TL
25000 TL
1300TL
6000TL
26500TL
Real GDP
31000 TL
32 200 TL
33 800TL
Price
2.75TL
120.TL
70.0TL
Growth rate
• Growth rate 2011
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=((Real GDP2011 – Real GDP 2010)/Real GDP2010)x100
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= (32200-31000)/ 31000)x100= 0.0387x100=3.87 %.
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• Growth rate 2012
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= ((Real GDP2012 – Real GDP 2011)/ Real GDP2011)x100
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= (33 800-32 200)/ 32200)x100= 0.0496x100=4.96 %.
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GDP deflator and Inflation rate
• GDP Deflatort= (Nominal GDPt/ Real GDPt)x100.
• Inflation ratet= % change in the GDP deflator
PRICES
GDP DEFLATOR
• GDP Deflatort=
GDP DEFLATOR
GDP Deflator
1400.00
GDPt/
(Nominal
GDPt)x100
Real
1200.00
1000.00
800.00
600.00
400.00
200.00
0.00
GDP Deflator
Inflation rate
Inflation rate
• Inflation ratet=
% change in the
GDP deflator
Inflation rate
Inflation rate
60
50
40
30
20
10
0
Inflation rate
Other Income Measures
1) Gross National Product: GDP- net factor income.
2) Net National Product: GNP- depreciation expenditure
3) National Income: GDP- Indirect Business Taxes
4) Personal Income: National Income-retained earnings
+transfer payments.
5) Disposable Income: Personal Income-Personal Tax payments
GDP and GNP
GDP, Personal Income and
Disposable Income
Consumer Price Index _ TUFE
TÜFE’de aylık değişim %-0,90 olarak gerçekleşti.
The increase in the prices of different commodity groups included into the
computation of CPI in Turkey.
•eğitimde %1,67,(increase in price of education)
•eğlence ve kültürde %0,90, (increase in price of entertainment and cultural activities)
•çeşitli mal ve hizmetlerde %0,88, (increase in price of various commodity and services)
•ev eşyasında %0,49, (increase in price of home goods)
•lokanta ve otellerde %0,49, (increase in price of restaurants and hotels)
•konutta %0,14, (increase in price of housing)
•sağlıkta %0,13 artış, (increase in price of health services)
•giyim ve ayakkabıda %-0,82, (increase in price of clothing and shoes)
•ulaştırmada %-1,39, (increase in price of transportation)
•gıda ve alkolsüz içeceklerde %-3,42 düşüş gerçekleşmiştir. (decrease in price of
food and non-alcoholic beverages)
CPI (TUFE) in Turkey
(with base year of 2003, i.e. 2003=100)
CPI
250
200
150
CPI
100
50
0
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2011
2012
CPI Series in Turkey
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