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Macroeconomic Forecast

Macroeconomic Forecast

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Title: Macroeconomic Forecast

Essay Details:

Subject: Business

Author: Lane G

Date: August 9, 2011

Level: University

Grade: A

Length: 6 / 1743

Essay text:

According to our text, "it measures the total annual output that the entire economy, including households, businesses, government, and foreigners and can consume without impairing its capacity to produce in ensuing years" (McConnell & Brue, p. 120). ? Consumer Price Index (CPI), compiled by the Bureau of Labor Statistics (BLS), is the main measure of inflation in the United States. The index is used by the government to report monthly and annual inflation rates as well as to adjust Social Security benefits and income tax brackets. (McConnell & Brue, p. 141) ? U.S. national income (NI) includes all income earned through the use of American-owned resources, whether they are located at home or abroad...

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