Question

Which of the following are key economic statistics that are used to describe the state of the macroeconomy? I) Gross domestic product II) The unemployment rate III) Inflation IV) Consumer sentiment V) The budget deficit

Answer 1

Answer:

ALL OF THE ABOVE                                  

Explanation:

Gross domestic product: more precisely actual GDP, relates to the total worth of the goods as well as utilities generated by a nation over a given fiscal year or time frame. Upper GDP implies a decent deal of economic growth which means greater yields on the country's resources spent. And it is a strong macroeconomic predictor.

Unemployment rate: Rate of unemployment inside a nation means the region does not have any economic activity. There really is no meaningful boost to the country's total GDP but it seems that this not any job growth. And it is a successful macroeconomic predictor.

Inflation:Higher inflation means higher price of commodities , leading to reduced spending, increased unemployment, and lengthy-term economic development.

Consumer sentiment: This is also a strong macroeconomic measure, as high consumer confidence means a favorable view on the infrastructure of the country. This would result in increased demand for goods and services, more spending in various industries such as property development, education, transport etc.

Budget deficit: Budget deficit is indeed a successful macroeconomic proxy, too. Owing to larger budget deficits, countries can not invest in huge-scale programmers and take action to accelerate economic development.

Answer 2

Answer:

II) The unemployment, III) Inflation

Explanation:

• The man concerns for the macro-environmental analysis is the growth and unemployment and the inflation rates the price indexes along with the GDP.

• The macroeconomics is the branch of macroeconomics that deals with the performance and stricture and the behavior and the decision making of the entire economy and includes the regional, national and local levels