Macroeconomics

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Title: Macroeconomics

Essay Details:

Subject: Business

Author: Ann T

Date: March 17, 2012

Level: University

Grade: A

Length: 5 / 1346

Essay text:

economy (McConnell, Brue 2004). Through this measure economists and policymakers are able to track production levels at regular intervals, create policies for maintaining and protecting a healthy economy, and review the economy for growth, consistency or decline. The primary measure of the economy's performance is its annual total output of goods and services or its aggregate output (McConnell, Brue 2004). Aggregate output is labeled gross domestic product (GDP), the total market value of all final goods and services produced in a year (McConnell, Brue 2004). The BEA determines the GDP as well...

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