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Fundamentals of Macroeconomics

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In: Business and Management. Fundamentals of Macroeconomics Paper Part 1: Describe the following terms in your own words. Gross domestic product GDP is the indicator of the economic health of a country. Also a measure of the dollar value or goods produced at a given time period. Real GDP is also what is important to a society because it measures what is really produced. Unemployment rate are rates at which people are either looking for a job or just simply does not have a job. It is measured by the number of people reportedly in the country at one time adjusted by those who are eligible to work and are not. Inflation rate are rates at which the economies prices are adjusting upward or downward. Prices increase and decrease and the measures show the strength or power. Interest rate is tax added back to the payback what you owe. Fundamentals of Macroeconomics.

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Fundamentals of Macroeconomics

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Fundamentals of Macroeconomics

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