CHAPTER 1: INTRODUCTION<br/><br>How the Statistics in This Book Were Chosen<span> </span>1<br/><br><br/>A Frame of Reference<span> <span> </span></span>2<br/><br><br/>The Many Faces of Economic Statistics<span> </span>5<br/><br><br/>Abusing Economic Statistics<span> </span><span> </span>7<br/><br><br/>Using Economic Statistics<span> </span>9<br/><br><br/>And Beware of Forecasts!<span> </span> <span> </span>10<br/><br><br/>A Final Word<span> </span> <span> </span>12<br/><br>CHAPTER 2: TOTAL OUTPUT and INPUT<br/><br><br/>Gross Domestic Product<span> </span> <span> </span>13<br/><br><br/>Recession vs. Depression<span> </span> <span> </span>23<br/><br><br/>The NIPAs<span> </span> <span> </span>27<br/><br><br/>Personal Income<span> </span> <span> </span>30<br/><br><br/>CHAPTER 3: PRODUCTION and GROWTH<br/><br><br/>Purchasing Managers' Index<span> </span> <span> </span>35<br/><br><br/>Index of Industrial Production<span> </span> <span> </span>39<br/><br><br/>Capacity Utilization<span> </span> <span> </span>43<br/><br><br/>Labor Productivity<span> </span> <span> </span>46<br/><br><br/>Leading Economic Index<span> </span> <span> </span>50<br/><br><br/>CHAPTER 4: INVESTMENT and CAPITAL EXPENDITURES<br/><br><br/>Gross Private Domestic Investment<span> </span> <span> </span>57<br/><br><br/>New Building Permits and Housing Starts<span> </span> <span> </span>62<br/><br><br/>Business Inventories<span> </span> <span> </span>66<br/><br><br/>Inventory/Sales Ratio<span> </span> <span> </span>70<br/><br><br/>Durable Goods Orders<span> </span> <span> </span>72<br/><br><br/>CHAPTER 5: EMPLOYMENT and UNEMPLOYMENT<br/><br><br/>Total Employment<span> </span> <span> </span>75<br/><br><br/>New Jobs Created<span> </span> <span> </span>78<br/><br><br/>Unemployment Rate<span> </span> <span> </span>81<br/><br><br/>Help-Wanted Advertising<span> </span> <span> </span>87<br/><br><br/>New Jobless Claims<span> </span> <span> </span>90<br/><br><br/>CHAPTER 6: SPENDING, PROFITS, and EXPECTATIONS<br/><br><br/>Consumer Spending<span> </span> <span> </span>93<br/><br><br/>Retail and E-Commerce Sales<span> </span> <span> </span>96<br/><br><br/>Wholesale Sales<span> </span> <span> </span>99<br/><br><br/>Consumer Expectations and Confidence<span> </span> 101<span> </span><br/>Employment Cost Index<span> </span> <span> </span> 104<br/><br><br/>Corporate Profits<span> </span> <span> </span>106<br/><br><br/>Beige Book<span> </span> <span> </span>108<br/><br><br/>CHAPTER 7: PRICES, MONEY, and INTEREST RATES<br/><br><br/>Consumer Price Index<span> </span> <span> </span>113<br/><br><br/>Producer Price Index<span> </span> <span> </span>120<br/><br><br/>Money Supply<span> </span> <span> </span>123<br/><br><br/>Fed Funds Rate<span> </span> <span> </span>126<br/><br><br/>Primary Credit Rate<span> </span> <span> </span>129<br/><br><br/>Treasury Bill Rate<span> </span> <span> </span>132<br/><br><br