Economics

Acknowledgments

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Chapter 1, page 32: Excerpts from “O’Hare International Airport (ORD/ Chapter 11, page 342: “Apple Computer (AAPL-Q),” from The Globe and
KORD), Chicago, IL, USA,” from the Airport-Technology Web site. Reprinted Mail, April 19, 2006. Reprinted by permission of the Globe and Mail
by permission of SPG Media Limited.
Chapter 11, page 345: Excerpt from “Time to Unravel the Knot of
Chapter 1, page 33: Excerpt from “Organization and Introduction,” from Credit-Default Swaps” by Gretchen Morgenson, The New York Times,
the AReCO Web site. Reprinted by permission of The Alliance of Residents January 25, 2009. Copyright © 2009 by the New York Times Co. All rights
Concerning O’Hare, Inc. (AReCO). reserved. Used by permission and protected by the Copyright Laws of the
United States. The printing, copying, redistribution, or retransmission of the
Chapter 2, page 64: Excerpt from “The North Korean Famine,” from Peace Watch, Material without express written permission is prohibited.
June 2002. Reprinted by permission of the United States Institute of Peace.
Chapter 12, page 364: “U.S. Leading Economic Indicators (LEI) and Real
Chapter 2, page 65: Excerpt from “Masters of the Digital Age,” by Rana GDP”. The Conference Board, United States Bureau of Economic Analysis,
Foroohar and B. J. Lee, Newsweek, October 18, 2004. Copyright © 2004 National Bureau of Economic Research. Reprinted by permission of The
Newsweek, Inc. All rights reserved. Reprinted by permission. Conference Board Inc.

Chapter 3, page 92: Excerpt from “The Industry: Message in a Bottle” by Chapter 12, page 376: Excerpts from “Europe’s Capitalism Curtain” by
Matt Lee and Ted Lee, The New York Times, June 28, 2005. Copyright © 2005 Steve Pearlstein, The Washington Post, July 23, 2004. Copyright © 2004, The
by The New York Times Co. Reprinted with permission. Washington Post. Excerpted with permission.

Chapter 3, page 93: Excerpt from “Growing Occupation: Being Your Own Chapter 12, page 377: Excerpts from “Reaping the European Union Harvest,” The
Boss” by Stacey Hirsh, Baltimore Sun, April 21, 2006. Copyright © 2006 The Economist, January 8, 2005. The Economist Newspaper Ltd. All rights reserved.
Baltimore Sun. Reprinted by permission. Reprinted with permission. Further reproduction prohibited. www.economist.com.

Chapter 4, page 124: Excerpts from “Volkswagen Tries 12 Months of Free Chapter 13, page 404: Excerpt from “The Search for a New Economic Order”
Car Insurance to Lure Buyers” by Jeff Green, December 31, 2004, Bloomberg by Robert Tolles, Ford Foundation, New York, 1982, p. 24. Reprinted by
Web site. Copyright © 2004 Bloomberg L.P. All rights reserved. Reprinted by permission of the Ford Foundation.
permission of Bloomberg L.P.
Chapter 13, page 405: Excerpts from “Open Editorial” by Bernice Davidson,
Chapter 4, page 125: Excerpt from “2005 – The Year of the Hybrid,” from the The New York Times, September 29, 1972. Copyright © 1972 by The New
InvoiceDealers Web site. Reprinted by permission of Dealix Corporation, a York Times Co. Reprinted with permission.
Division of The Cobalt Group.
Chapter 14, page 440: Excerpts from “iPod Tax Planned for Music
Chapter 5, page 144: Excerpt from “Why is the Supply of Cement Falling Downloads?” from the CNET Web site, March 10, 2006. Copyright © 2006
Short of Demand?” from the Portland Cement Association Web site. CNET Networks, Inc. All rights reserved. Reprinted by permission of Reprint
Reprinted by permission of the Portland Cement Association. Management Services.

Chapter 5, 158: Excerpts from “Robots for Babies: Toyota at the Leading Edge” Chapter 14, page 441: Excerpt from “Internet Sales Tax,” from The New York
by Burritt Sabin, Japan Inc. Web site. Reprinted by permission of Japan Inc. Times, July 5, 2005. Copyright © 2005 by The New York Times Co. Reprinted
with permission.
Chapter 5, page 159: Excerpt from “Cake Decorating” from the EPSON
Robots Web site. Reprinted by permission of EPSON America Inc. Chapter 15, page 468: Excerpts from “Federal Budget Deficit Sparks Worries,”
The Associated Press, January 15, 2006. Copyright © 2006 The Associated Press.
Chapter 6, page 187: Figure 1 from “The Economics of Real Superstars: The Market All rights reserved. Reprinted by permission of Reprint Management Services.
for Concerts in the Material World” by Alan B. Krueger, Journal of Labor Economics,
23(1), 2005. Reprinted by permission of The University of Chicago Press. Chapter 15, page 469: Excerpt from “Snow Sets Sights on Deficits” by Edward
Alden, Andrew Balls, and Holly Yeaser, Financial Times, November 4, 2005.
Chapter 7, page 220: Excerpts from “Anyone for Telly?,” The Economist, September Copyright © The Financial Times Ltd. 2005. Reprinted with permission.
10, 2005. The Economist Newspaper Ltd. All rights reserved. Reprinted with
permission. Further reproduction prohibited. www.economist.com. Chapter 16, page 504: Excerpts from “Fed Expected to Boost Key Interest Rates,”
The Associated Press, May 10, 2006. Copyright © 2006 The Associated Press. All
Chapter 7, page 221: Excerpt from “Gartner Says Mobile Phone Sales Will Exceed rights reserved. Reprinted by permission of Reprint Management Services.
One Billion in 2009,” from the Gartner Web site. Reprinted with permission.
Chapter 16, page 505: Excerpts from “Bernanke Talks Tough on Inflation” by
Chapter 8, page 248: “World’s Leading Franchises,” from Franchise Facts. Edmund L. Andrews, The New York Times, June 6, 2006. Copyright © 2006 by
Copyright © International Franchise Association. Reprinted by permission of The New York Times Co. Reprinted with permission.
the International Franchise Association.
Chapter 17, page 521: “Tariffs are Falling,” from the Human Development
Chapter 8, page 252: Excerpt from “Steve Jobs and Steve Wozniak: The Report, 2005, United Nations Development Programme. Reprinted by
Personal Computer” from the Lemelson-MIT Program Web site. Courtesy of permission of the United Nations Publications Department.
Inventor of the Week, Lemelson-MIT Program, http://web.mit.edu/invent.
Chapter 17, page 538: Excerpt from “Sugar Daddies” by Jason Lee Steorts,
Chapter 8, page 253: Excerpts from “Interview with Evelyn Richards” by National Review, July 18, 2005. Copyright © 2005 National Review. Reprinted
Wendy Marinaccio, appearing on the “Making the Mac/Technology and by permission.
Culture in Silicon Valley” Web page, Stanford University Library. Reprinted
by permission of the Stanford University Library. Chapter 17, page 539: Excerpts from “Sweetener Impact on US Economy,”
from the American Sugar Alliance Web site. Copyright © 2005 American
Chapter 8, page 253: “Highlights in Apple Company History” adapted from Sugar Alliance. Reprinted by permission.
Apple timeline appearing in Macworld, February 2004. Copyright © 2004
Mac Publishing LLC. All rights reserved. Reprinted by permission. Chapter 18, page 570: Excerpt from “From T-shirts to T-bonds,” The Economist,
July 28, 2005. The Economist Newspaper Ltd. All rights reserved. Reprinted with
Chapter 8, page 255: “Mergers in the United States” MergerStat Review, 2004. permission. Further reproduction prohibited. www.economist.com.
Copyright © 2004 Mergerstat Holdings, LLP. Reprinted by permission of
FactSet Mergerstat LLC. Chapter 18, page: Excerpts from “China’s Economic Miracle: The High
Price of Progress,” from CBC News, April 20, 2006, Canadian Broadcasting
Chapter 9, page 282: Excerpt from “Subcontinental Drift” by Nandini Corporation Web site. Copyright © CBC 2006. Reprinted by permission.
Lakshman, Business Week, January 16, 2006. Copyright © 2006 by The
McGraw-Hill Companies, Inc. Reprinted by special permission. Skillbuilder Handbook

Chapter 9, page 283: Excerpt from “Foreign Firms Come Bearing Jobs” Page R15: Excerpts from “Crude Oil Prices Sink Below $66 a Barrel,” The
by Mike Meyers, Star Tribune, September 5, 2004. Copyright © 2004 Star Associated Press, September 11, 2006. Copyright © 2006 The Associated Press.
Tribune. All rights reserved. Reprinted by permission of the Star Tribune, All rights reserved. Reprinted by permission of Reprint Management Services.
Minneapolis – St. Paul, Minnesota.
Page R21: Excerpt from “U.S. Trade Deficit Hit Record High in 2005”by
Chapter 10, page 312: Excerpt from “Las Vegas House ‘Flipping Boom’ Vikas Bajaj, The New York Times, February 10, 2006. Copyright © 2006 by
Goes Bust,” The Associated Press, April 27, 2007. Copyright ©˙ 2007 The The New York Times Co. Reprinted with permission.
Associated Press. All rights reserved. Reprinted by permission of The
Associated Press. Page R23: Excerpt from “Not Business as Usual” by Elizabeth Bauman,
Online NewsHour Extra, January 30, 2002. Copyright © 2002 MacNeil-Lehrer
Chapter 10, page 313: Excerpt from “From Subprime to the Ridiculous” by Productions. Reprinted by permission.
Peter Schiff, Forbes, March 15, 2007. Copyright © 2007 Forbes.com LLC. All
rights reserved. Reprinted by permission of Forbes.com LLC. Page R27: Excerpt from “1942: Beveridge Lays Welfare Foundations,” from
BBC Web site. Copyright © BBC. Reprinted by permission.
Chapter 11, page 334: “Dow Jones Industrial Average, 1988-2008” from Yahoo!
Finance Web site. Copyright © 2009 Yahoo! Inc. YAHOO! and the YAHOO!

Acknowledgments R79

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513 left © Robert Garvey/Corbis; right © Royalty-Free/Corbis; 515 © Barry
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Swanson/ShutterStock; 520 © Stephane Peray/Caglecartoons.com; 523 ©
Pierre Verdy/AFP/Getty Images; 524 © images-of-france/Alamy Images; 525
© Karl Weatherly/Getty Images; 526 top © Danita Delimont/Alamy Images;
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Images; 527 © You Sung-Ho/Reuters/Corbis; 528 left © Getty Images; center
© Blue Line Pictures/Getty Images; right © Jerry Arcieri/Corbis; 531 © Alan
Schein Photography/Corbis; 532 Mindaugas Kulbis/AP/Wide World Photos;
535 right Gautam Singh/AP/Wide World Photos; second from right © Ralph
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left Newscast/AP/Wide World Photos; 537 © PhotoLink/Getty Images; 538
© Jack Kurtz/ZUMA/Corbis; 541 left © Royalty-Free/Corbis; right © Steven

Acknowledgments R81



CONTENTS

United States Maps World Maps

U.S.: Political . . . . . . . . . . . . . . A2–A3 World: Political . . . . . . . . . . . A6–A7
U.S.: Natural Resources . . . . . . . . A4 World: Natural Resources . . . . . . A8
U.S.: Land Use . . . . . . . . . . . . . . . . A4 World: Land Use . . . . . . . . . . . . . . A9
U.S.: Population Density . . . . . . . A5 World: Population Density . . . . A10
U.S.: Median Household World: Gross Domestic Product
Income . . . . . . . . . . . . . . . . . . . . . . A5 Per Capita . . . . . . . . . . . . . . . . . . . A11

Data on the U.S. Economy

EAS 1 U.S. GDP by Industry pie graphs . . . . . . . . . . . . . . . . . . . . . . . . . . . A12
EAS 2 U.S. Employment by Industry pie graphs . . . . . . . . . . . . . . . . . . . A12
EAS 3 U.S. Employment: Number of People line graph. . . . . . . . . . . . . A13
EAS 4 U.S. Employment: Percent of Population line graph . . . . . . . . . A13
EAS 5 Key U.S. Interest Rates line graph . . . . . . . . . . . . . . . . . . . . . . . . . A14
EAS 6 U.S. National Debt as Percent of GDP bar graph . . . . . . . . . . . . . A14

Data on the World Economy

EAS 7 World Data File table . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A15
China, India, United States, Indonesia, Brazil, Pakistan,
Bangladesh, Russia, Nigeria, Japan, Mexico, Philippines,
Vietnam, Germany, Egypt, Ethiopia, Turkey, Iran,
Thailand, France

EAS 8 World Population line graph . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A16
EAS 9 Population Pyramids bar graphs . . . . . . . . . . . . . . . . . . . . . . . . . . . A16

China, India, United States, Brazil, Russia, Nigeria

A1

U.S. Political Map 125˚ 120˚ 115˚ 110˚ 105˚ 100˚

SnakeBellinghamBRITISH 50˚ ALBERTA
COLUMBIA
S A S K AT C H E W A N Lake
Manitoba

C A45˚
Olympia ColuTWmacYboSaiAmaekiaaKmSetatnHlneeIwNickGCoTlumOSbpiNoa kane dC'oAeleunre Havre Winnipeg
MANITOBA
Portland
Lewiston LFalaktehead Great FallMs issouri Minot
Missoula Helena M O N T A N A
Salem Butte Fort Grand Forks
Peck
Corvallis Lake NORTH DAKOTA
Bend
Eugene BozemanBillings Yellowstone Bismarck Fargo

Miles City

OREGON IDAHO

Medford FKallalsmath Nampa Boise LYaeklleowstone Lake Aberdeen
LGaokoese Sna Oahe

Idaho Falls Gillette S O U T H DA K O T A
Pierre
125˚ ke
Eureka Rapid
Gulf of California Twin Falls Pocatello WYOMING City

40˚ Redding Winnemucca Casper Lake Sioux Falls
Chico PyLarakme id Francis
Humboldt Elko Logan
Case

LaCRkaeernsoToanhCoitey Great Ogden Rock Springs CheyeNnonrStehcoPtltastbteluff NEBRASKA
LaSkaelt Laramie
Santa RoSsaacramento NEVADA CCietydar Salt Lake North Platte
City
FranScainsco OaklanSdtockton
Provo Fort Collins outh Platte Platte Grand
Island
Ely n Lincoln
G
UTAH eer

C
S
JSoasne Modesto olorado Boulder Denver
Fresno DO
Monterey Moab Grand CO LOR A
Colorado
Junction Manhattan

Springs

35˚ San Luis Obispo C A St. George PoLwakeell Pueblo Salina
Santa Barbara Trinidad
LIFOR Las Vegas Durango Arkansas KANSAS
Dodge City
Bakersfield N I A Colorado Hutchinson

MLeaakde Wichita

Farmington

LosLAonnggVeBeelneatscuhra RiSvaenrsBiderenardino Flagstaff Enid
CLiatkye Havasu
Santa Fe Canadian Stillwater
do A R I Z O N A Albuquerque
SSaeltaon Oklahoma
M E X I C O Clovis
San Diego Colora NEW Amarillo City
Roswell
Tijuana Gila Phoenix Red O K L A H O
Yuma
Lawton

Rio Grande Lake

Wichita Falls Texoma

Lubbock

30˚ 120˚ Tucson Las Cruces Alamogordo Dallas
Nogales
70˚ 170˚ 160˚ 150˚ 140˚ r t 130˚ El Paso Abilene Fort Worth
NTOERMRTaRHcIkTeWnOziEeRSYT Midland
OACRECATNI C Barrow B e aufo CJuiuádreazd TEXAS Brazos
Sea
PR U S S I A Odessa
Date Line Pecos

San Angelo Waco
Killeen
OA C I AF LIACS K AInternational
Yukon 65˚
Fairbanks
Nome Austin
C E A NIsLSlaaawnindrtence YUKON Y MEXICO Colorado
Yukon ERRITO R A
o D Chihuahua San Antonio
kwim C A N AT
Kusk Del Rio
130˚
170˚ Bethel Anchorage 60˚
60˚

NIsulannivdak Kenai B.C.

25˚ Gulf of Alaska Juneau Kaua‘i 155˚ © Rand McNally & Co.
Made in U.S.A.
Kodiak C OCE AN
T5r5o˚BpSeiceroiafAnClgaasnkcaeBBrrPiasetyonl s u l a Island PACIFIC O‘ahu Moloka‘i H A W A I I Laredo Corpus
0 100 200 mi OCEAN Rio Grande Christi
i n P ACIFI Honolulu Maui
L˚na‘i

© Rand McNally & Co. 20˚ Hawai‘i
0 100 200 mi
Made in U.S.A. 160˚ 150˚ 0 150 300 km McAllen
0 150 300 km 160˚ Brownsville

115˚ 110˚ 105˚ 100˚

A2 Economic Atlas and Statistics

95˚ 90˚ 85˚ 80˚ 75˚ 70˚ 65˚

Lake ONTARIO QUÉBEC B R UNNESWW I C K
Winnipeg Lake
Nipigon
NADA
Presque Isle
Lake of
the
Woods

International Isle Ruopyaeler i o r St. Lawrence NE 45˚
Falls eS
Bangor
L a k Montréal M A I

A TOL CAENAT NI CSMMEimoTKTOuMupoIalxSAmosprnDtiMCNaCrM.neasieiiaCaktahntsuysylanNaoeMskSkuataoodE.IptJigKCJoonFSOooeiaSompetFeRsWlnsrlyeAaiiiotOstnWspyahcaeJhtAhMsRDeetrTetkfrPuAsefSlaiKtoelSAnvpIuenroiterCrtlssS.ilhAoaineBPtsngySaluDDCfNuifoaOuelfLJvllboSiudSetuMEnCWRmttUnlqae.eaAepibuussSdpLobiRsRpeaiaIoCordoSorrMtluuiSsrGcaInoPkraiiiRgrirseCMdeoIafoiiArcsoeOLrCdOkoipllasadefWinpnLhopaMleANkareuMedIouMuatCsoesNrrShaiKqohmnRluwureiBaDIpaOcencalehNoatitunctiuoCLgGsBaekIeBamlctearoalSkkueoyeriSyenrekohngsmeEvtKHbvIioiIlTGanaolMunTnNeRnlgGeyaHndaFEasgtrrtirmovoCoryapDsaaIeTOipvCrnunNlainnrtldiCkCiwmHaezaldtBlIWishKoySpveBnaeNNbiaoeoAoruesantearvmunltEytssriisetabEnedlSsliNhhlannaoeeNvongAMgorSiLoSdADhiolnnoluaTSaeganDaunumyawLiclAUeEtstaiKoevrtSnnbneFirEtCselroCooeliLaenxLFri.iiLnnmvKlegtMSaikcinxplTakJiflaitonroeoYOAneriHnlhnrigteAetHanhgutdHttosfenuoioilCnnAteranGiooslIkndnelnrCguOPotoYitmaaLtnroBoAygranbaukCuiTkAayunegolenrsgseushGrVsbvEsoterWtCuoreevIanWhirwieRilegltnaalnEnRoersGvnErNltoCaSieiPoedlPavSIslnienaAOtONtT-ooERtSnLksaIRoCURCaeAblNchoekhOTuamlTeuBerLNrmlVHWusyHgLOotGnfbethfSanIctrIairRheeastNClHRCYboiaehBOcahunrihAiAtrniBaGnrsLtmroggrbaaiglsRhooVelwFbDINtNtasanRriuoaOtomS.meNydaAoArCcEnweglontrle.tRLloapIrteWiSNoWnenegonyIAavthrNrtanoNCitaWoIlotonlhAcNwekeYAruiaAnerlefnmtsmonwoeOAlaiLpwkNsMnplalbgenRaoWkoMatwilenoDninViKsatlAnyomipPrDrvVkeRgihTenlEBirEYiringeeuLlARirantLraAoWtltMNAdCiMlonnBaWooeenNgCneHOnANHrlwtatOcacApDoiSANeNcEocrNhnShtsRreYNMWCSftTdANiwoepoEiaEtP.rCrryrWdHiSLJHknMoaEHgUnvRfRaIgeiRSne.nSPEIIEcls.EBdrlhTLaoYeePoTnvwsodSsAtirdetitusoerltgaGonnnuMncudsetlaafiMichiganNof
A ne
IG
H

Lake Hudson

i Mississippi Ohio 40˚
Missou 70˚
Chesapeake Bay
Wabash 35˚
Ohi

Texarkana GreenvilleMississippi Tuscaloosa nnahMacon Hilton Head Island
Tenness S Savannah
MISSISSIPPI ALABAMA Columbus G I A United States: Political
Chattahoochee
Shreveport Monroe GE O R 30˚

LOUISIANA Jackson Montgomery Albany National State
Dothan
Tyler capitals capitals Towns Population
Pensacola
Sam Toledo Red Hattiesburg Over 1,000,000
Rayburn Bend
Jacksonville 250,000 – 1,000,000
Res. Res. GainesvilleDBaeyatcohna Under 250,000

Baton Mobile Tallahassee International boundary
Rouge Biloxi State boundary
Lake Charles 0 100 200 300 Miles

Beaumont Lafayette NOerlweans

Houston Orlando

Galveston Tampa Lakeland A 0 100 200 300 400 Kilometers

GULF OF MEXICO St. Petersburg F L ORI D West Palm Beach BAHAMAS
FLoarutderdale Nassau
Lake
Okeechobee Miami
Fort Myers 25˚

95˚ 90˚ 85˚ Key 80˚ © Rand McNally & Co.
West
Made in U.S.A.
N-MDO24000-P1-1-1-1-1

75˚

Economic Atlas and Statistics A3

U.S. Natural Resources Seattle

Minneapolis Boston

Detroit New York
Washington D.C.
Chicago
AOtlcaenatnic
San Francisco Denver

Los Angeles Kansas City St. Louis

OPcaecaifnic Atlanta United States:
Natural Resources
Dallas
Coal
Arctic Circle Honolulu Houston Copper
Gulf of Mexico Iron ore
Anchorage Pacific Lead
Pacific Ocean © Rand McNally & Co. Natural gas
Ocean Petroleum
Zinc

Miami

U.S. Land Use

N-MDL24000-M1-1-1-1-1 United States:
Land Use

Agriculture

Fishing

Forestry

Hunting,
forestry,
subsistence
farming

Little or no
activity

Manufacturing,
commerce

Nomadic
herding

Stock raising

A4 Economic Atlas and Statistics

United States:
Population Density

People per sq. mile

(People per sq. km)

Over 1,250 (Over 500)

250 – 1,250 (100 – 500)

62.5 – 250 (25 – 100)

25 – 62.5 (10 – 25)

2.5 – 25 (1 – 10)

Under 2.5 (Under 1)

Entire United States: $41,994 United States:
Median Household
Copyright by Rand McNally & Co.
Made in U.S.A. Income

Over $45,000
$40,000 – $45,000

$35,000 – $40,000 Source: U.S. Census Bureau, 2000 data
$30,000 – $35,000
$25,000 – $30,000

Under $25,000

Economic Atlas and Statistics A5