6.7: Introduction to Macroeconomics and GDP
- Page ID
- 47345
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What you’ll learn to do: define macroeconomics and explain how economic indicators like GDP are used to assess the state of the economy
This section will help you understand what macroeconomics is and how it differs between microeconomics. You will also learn how economists use economic indicators like GDP, inflation, and unemployment rates to assess the health of an economy. A key distinction for understanding the state of an economy is the difference between nominal and real measurements.
Contributors and Attributions
CC licensed content, Original
- Introduction to Macroeconomics and GDP. Authored by: Steven Greenlaw and Lumen Learning. License: CC BY: Attribution
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- Picture . Authored by: Agnieszka. Provided by: Stock Photos . Located at: https://stock.tookapic.com/photos/12396. License: CC0: No Rights Reserved