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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

    Stacks of coins on a table.

    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
    CC licensed content, Shared previously

    6.7: Introduction to Macroeconomics and GDP is shared under a not declared license and was authored, remixed, and/or curated by LibreTexts.

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