1. Macroeconomic Environment of Business 2. Introduction to Macroeconomics 3. Definitions: In the words ofBoulding , "Macroeconomics is that part of economics which…

Slide 1 Measuring Output and The Price Level zClose look at the measures of the “big two” goal variables -- real GDP and the price level (to compute the inflation rate).…

Slide 1 Macroeconomics What is Macroeconomics? Important Macro Variables What is GDP? Macroeconomic Policy Slide 2 What is Macroeconomics? Microeconomics – studies individual…

Chapter 2 -- Measuring Output and The Price Level Data complied at the National Income and Product Accounts (NIPA) Measuring Output -- Gross Domestic Product (GDP) Gross…

Chapter 2 -- Measuring Output and The Price Level Data complied at the National Income and Product Accounts (NIPA) Measuring Output -- Gross Domestic Product (GDP) Gross…