Markets and Players of Macroeconomy The financial market consists of money market, capital market, and foreign exchange market in the open economy. PIn the money market, the government (central bank) supplies money and households and firms demand money for transaction and speculation
Markets and Players of Macroeconomy The financial market consists of money market, capital market, and foreign exchange market in the open economy. In the money market, the government (central bank) supplies money and households and firms demand money for transaction and speculation
Markets and Players of Macroeconomy In the capital market, households purchase stocks and bonds from firms oIn the foreign exchange market, those who want to invest in foreign countries exchange domestic currency for foreign currencies, while those foreigners who want to invest in this country supply foreign currencies and demand domestic currencies
Markets and Players of Macroeconomy In the capital market, households purchase stocks and bonds from firms. In the foreign exchange market, those who want to invest in foreign countries exchange domestic currency for foreign currencies, while those foreigners who want to invest in this country supply foreign currencies and demand domestic currencies
Gross Domestic Product GDP is the market value of all final goods and services produced within a country in a given period of time
Gross Domestic Product GDP is the market value of all final goods and services produced within a country in a given period of time
Gross Domestic Product o GDP is the best single measure of the economic well-being of a societ GDP per person tells us the income and expenditure of the average person in the economy. o Higher gdp per person indicates a higher standard of living
Gross Domestic Product GDP is the best single measure of the economic well-being of a society. GDP per person tells us the income and expenditure of the average person in the economy. Higher GDP per person indicates a higher standard of living
Gross Domestic Product Country Real GDP per Life Adult Person(1997) Expectancy Literacy United States 29010 77 years 99 Japan 24,070 99 Germany 21260 77 Mexico 8370 72 90 Brazil 6,480 84 Russia 4370 67 Indonesia 3490 65 China 3130 70 83 India 1670 63 53 Pakistan 64 41 Bangladesh 1,050 58 39 Nigeria 920 50 59
Gross Domestic Product Country Real GDP per Person (1997) Life Expectancy Adult Literacy United States $29,010 77 years 99% Japan 24,070 80 99 Germany 21,260 77 99 Mexico 8,370 72 90 Brazil 6,480 67 84 Russia 4,370 67 99 Indonesia 3,490 65 85 China 3,130 70 83 India 1,670 63 53 Pakistan 1,560 64 41 Bangladesh 1,050 58 39 Nigeria 920 50 59