I am going to use my blog heavily in teaching my “Principles of Macroeconomics” class this Fall. So I will be posting things I think might be useful for teaching. The link is to a post by Donald Marron that has a great graph of
- government purchases (=government spending on goods and services)
- total government spending (including transfers and interest on the debt)
as percentages of GDP. That is, it graphs
with the fractions expressed as percentages.
G=government purchases of goods and services
i=nominal interest rate (not adjusted for inflation)
B=government debt (B is a mnemonic for “bonds”)