Macro-Economic indicators 1. Gross Domestic Product (GDP) 2. Inflation 3. Interest rates 4. Consumer Price Index (CPI) 5. Unemployment rate 6. National Income 7. National Budget 8. Producer Price Index 9. Labor force 10. International Trade Gross domestic product (GDP) is the value of all goods and services produced in a country during a given period. One way to determine the GDP is to add up the sum of spending on four kinds of goods and services in any year. 1. Personal consumption expenditures include private …
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showed last 75 words of 1333 total
…the goods they can make most cheaply, and buying the goods other countries can make more cheaply. International trade makes it possible for more goods to be produced and for more human wants to be satisfied than if each country tried to produce everything it needed within its own borders. References: Cloander, C David; economics (2004) McGraw-Hill Co. Wordbook Encyclopedia (2004) World Book Inc. http://www.tcb-indicators.org/ http://www.census.gov/ http://en.wikipedia.org/wiki