In this pathway we explored the concepts of the total output generated within an economy and one of its measurements, Gross Domestic Product (GDP). We also looked at three major goals of macroeconomics: increasing real GDP over time, achieving full employment, and creating price level stability. Finally, we explored how well GDP serves as a measure of well-being.
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In this pathway we explored the concepts of the total output generated within an economy and one of its measurements, Gross Domestic Product (GDP). We also looked at three major goals of macroeconomics: increasing real GDP over time, achieving full employment, and creating price level stability. Finally, we explored how well GDP serves as a measure of well-being.
Ask OERu
Remember that if you have any content related questions about this section, please visit our community-based question and answer forum.
Visit Ask OERu to post questions and support fellow learners if you know the answers.
Ask OERu is a community-based support forum hosted on forums.oeru.org. Remember to reward good answers and questions by liking the post.
Please add the course tag to your post: maec101
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