Macro Economy Questions And Answers
With Correct Update
Macroeconomics z- zAnswer z- zrefers zto zthe zeconomy zas za zwhole
economic zgrowth z- zAnswer z- zthe zchange zin znational zincome zmeasured zover za zperiod zof ztime
balance zof zpayments z- zAnswer z- zthe zdifference zbetween zthe zflow zof zmoney zinto zand zout zof za
zcountry
price zlevel z- zAnswer z- za zmeasure zof zthe zaverage zprices zof zgoods zand zservices zin zthe zeconomy
Inflation z- zAnswer z- zan zincrease zin zthe zaverage zlevel zof zprices zmeasured zover za zperiod zof ztime
unemployment z- zAnswer z- zthe znumber zof zpeople zwho zare zactively zlooking zfor zwork zbut zaren't
zcurrently zemployed
Productivity z- zAnswer z- za zmeasure zof zefficiency zcomparing zthe zlevel zof zoutput zwith zthe zlevel zof
zinputs
consumption z- zAnswer z- zspending zby zhouseholds zon zgoods zand zservices
investment z- zAnswer z- zspending zby zbusinesses zon zadditions zto zthe zcapital zstock zand zthe zbuilding
zup zof zstock zlevel
Aggregate zDemand z- zAnswer z- ztotal zplanned zspending zin zan zeconomy zover za zperiod zof ztime zat
zany zgiven zprice zlevel
With Correct Update
Macroeconomics z- zAnswer z- zrefers zto zthe zeconomy zas za zwhole
economic zgrowth z- zAnswer z- zthe zchange zin znational zincome zmeasured zover za zperiod zof ztime
balance zof zpayments z- zAnswer z- zthe zdifference zbetween zthe zflow zof zmoney zinto zand zout zof za
zcountry
price zlevel z- zAnswer z- za zmeasure zof zthe zaverage zprices zof zgoods zand zservices zin zthe zeconomy
Inflation z- zAnswer z- zan zincrease zin zthe zaverage zlevel zof zprices zmeasured zover za zperiod zof ztime
unemployment z- zAnswer z- zthe znumber zof zpeople zwho zare zactively zlooking zfor zwork zbut zaren't
zcurrently zemployed
Productivity z- zAnswer z- za zmeasure zof zefficiency zcomparing zthe zlevel zof zoutput zwith zthe zlevel zof
zinputs
consumption z- zAnswer z- zspending zby zhouseholds zon zgoods zand zservices
investment z- zAnswer z- zspending zby zbusinesses zon zadditions zto zthe zcapital zstock zand zthe zbuilding
zup zof zstock zlevel
Aggregate zDemand z- zAnswer z- ztotal zplanned zspending zin zan zeconomy zover za zperiod zof ztime zat
zany zgiven zprice zlevel
