1. Macro Measurements 2. Assessing the Economy’s PerformanceWho does it? The Bureau of Economic AnalysisWhat do they do?1. assess the health of the econ by comparing levels…

1. 01 Measures of Economic Performance Key Economic Goals Macroeconomics Indicators Low Inflation Rate Consumer Price Index Low Unemployment Unemployment Rate Healthy Balance…

Slide 1 15-1 COPYRIGHT © 2008 Thomson South-Western, a part of The Thomson Corporation. Thomson, the Star logo, and South-Western are trademarks used herein under license.…

Slide 1 First Picture The Production Possibilities Frontier Tradeoffs in Pictures Quantity of Computers Produced Quantity of Cars Produced 3,000 1,000 2,000 2,200 A 700 60030001,000…

Slide 1 Macro - Review GDP = C + I + G + NX MV = P Q (= $GDP) Slide 2 Circular Flow Slide 3 GDP: Real and Nominal Gross Domestic Product (GDP):Gross Domestic Product (GDP):…