... Concepts microeconomics, p. 494 macroeconomics, p. 494 gross domestic product (GDP), p. 496 consumption, p. 499 investment, p. 499 government purchases, p. 499 net exports, p. 499 nominal GDP, ... RICE Q UANTITY P RICEOF Q UANTITY Y EAR OF M ILK OF M ILK H ONEY OF H ONEY 2001 $1 100 qts. $2 50 qts. 2002 $1 200 $2 100 2003 $2 200 $4 100 510 PART EIGHT THE DATA OF MACROECONOMICS a. Compute ... index (CPI) is a measure of the overall cost of the goods and services bought by a typical consumer. Each month the Bureau of Labor Statistics, which is part of the Department of Labor, computes and...