A Guide to Everyday Economic Statistics, 8th Edition
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The 8th edition Guide to Everyday Economic Statistics is a handy resource for understanding common everyday economic statistics and their historical context. The authors examine how different series are constructed, how they can be interpreted, and how we may use them effectively. Students of all levels will find this guide easy to read and helpful in understanding how individual statistics relate to the economy as a whole.
How the Statistics in This Book Were Chosen
A Frame of Reference
The Many Faces of Economic Statistics
Abusing Economic Statistics
Using Economic Statistics
And Beware of Forecasts!
A Final Word
Chapter 2: Total Output and Income
Gross Domestic Product
Recession vs. Depression
Chapter 3: Production and Growth
Purchasing Managers' Index
Index of Industrial Production
Leading Economic Index
Chapter 4: Investment and Capital Expenditures
Gross Private Domestic Investment
New Building Permits and Housing Starts
Durable Goods Orders
Chapter 5: Employment and Unemployment
New Jobs Created
New Jobless Claims
Chapter 6: Spending, Profits, and Expectations
Retail and E-Commerce Sales
Consumer Expectations and Confidence
Employment Cost Index
Chapter 7: Prices, Money, and Interest Rates
Consumer Price Index
Producer Price Index
Fed Funds Rate
Primary Credit Rate
Treasury Bill Rate
Chapter 8: Stock Prices and International Trade
The Dow Jones Industrial Average
The Standard & Poor's 500
The Russell 3000 Index
The Wilshire 5000
The NASDAQ Composite
The Balance of Trade
International Value of the Dollar
Appendix: Chain Weighting
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