Gross Domestic Product:
This is a monetary value placed on all the finished goods and services produced within a national boundary. This number is calculated every year and is used to measure the economic health of a country.
Real GDP:
The real GDP takes into consideration inflation.
Nominal GDP
Nominal GDP figures are not adjusted for inflation and are used for comparative purposes.
Unemployment Rate
The unemployment rate examines the rate at which employable people are actively earning money at a job.
Inflation Rate
The inflation rate is the rate at which money loses its value due to overproduction.
Interest Rate
The interest rate is the rate at which money can grow which is paid by borrowers. Time an principle investment are used to contextualize this rate.
Part
The purpose of this essay is to explain how three different activities may affect the economy. This essay will examine: 1. The...
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