Week 1 - Tuesday Macroeconomics UnemploymentisHigh...

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Tuesday 02:03 Macroeconomics Big Picture of the Economy Unemployment is High Recession length Gross Domestic Product Market final value of All goods and services produced in a certain  economy  in a certain period of time Gross National Product
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Thursday 02:03 Measuring a Nation’s Income Macroeconomics answers questions like o Why is average income high in some counties and low in others? o Why do prices rise rapidly in some times periods while they are more  stable in others? o Why do production and employment expand in some years and contract in  others? The Economy’s Income and Expenditure When juding whether the economy is doing well or poorly, it is natural to look  at the total income that everyone in the economy is earning.
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Week 1 - Tuesday Macroeconomics UnemploymentisHigh...

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