fundamental of macroeconomics paper

Feb 3rd, 2012
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There are several factors that affect our economy, gross domestic product (GDP), real GDP, nominal GDP, unemployment rate, inflation rate, and interest rates.

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Fundamental of Macroeconomics PaperGlorivi SaladinECO/37202/04/2015Mark Freeman Fundamental of Macroeconomics PaperThere are several factors that affect our economy, gross domestic product (GDP), real GDP, nominal GDP, unemployment rate, inflation rate, and interest rates. All of these factors have influences over how we purchase groceries, whether there will be massive layoffs of employees, and can also influence taxes.Gross domestic product is the market value of final goods and services produced within a country in a given period. This is commonly considered an indicator of the standard of living within a country. Real GDP on the other hand the measure of the value of economic output that adjusts for price changes. Nominal GDP is a gross domestic product figure that has not been adjusted for inflation. Unemployment rate is the measure of how many people are working and not working in the economy. It is calculated as a percentage by dividing the number of unemployed people by the individuals that are currently in the labor force. The inflation rate is the percentage rate of change in price levels over time, usually one year.. All of these factors are

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