11

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Southern New Hampshire University *

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104

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Economics

Date

Nov 24, 2024

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docx

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1

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Please tell the class about your background and reasons for taking this course and what you expect to gain from this class. Discuss the three primary concerns in macroeconomic analysis. The three primary concerns in macroeconomic analysis seem to be mostly on the Gross Domestic Product (GDP), Inflation, and Unemployment Rate. It's what economists use as tools to help provide information to the government and the people. GDP is broken up into two types. Real GDP takes inflation into account but Nominal GDP only reflects changes in price. It is used to measure the value of one's economy based off the goods and services that a country could provide within a time period. GDP is used as a measurement for the overall health and performance of an economy. It is valuable information when it comes to forecasting economic trends and compare different economies.
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