FIGURES FOR CHAPTER 3

1. RELATIONSHIPS BETWEEN VARIABLES FIGURES FORCHAPTER 3 Click the mouse or use the arrow keys to move to the next page. Use the ESC key to exit this chapter.

2. Figure 3.1Production costs and output are positively correlated.

3. Figure 3.2Labor productivity and capital per worker are positively correlated.

4. Figure 3.3Electricity consumption, household income, and price.

5. Figure 3.4U.S. unemploymentand inflation rates.Open circles, 1953–1970; triangles, 1971–1983;solid circles, 1984–1996.

6. Figure 3.5National living standards are related positively to saving rates and negatively to population growth rates.

7. Figure 3.6Growth versus initial GDP per worker, 1960–1985.Source: Reprinted from the Handbook of Macroeconomics, Vol. IA, E.R. McGrattan and J.A. Schmitz, Jr.‘‘Explaining Cross-Country Income Differences,’’ p. 676, c 1999, with permission from Elsevier.

8. Figure 3.7Population in Canada, the United Kingdom, and the United States, 1950–1992.

9. Figure 3.8Population in Canada, the U.K., and the U.S., 1950–1992.