National Income Accounting and Macro Goals · Macroeconomics

Measuring Economic Performance

Understanding GDP, inflation rates, and unemployment as indicators of economic health.

Key Questions

  1. 1What does GDP fail to capture about the well-being of a society?
  2. 2How does inflation affect the purchasing power of different socioeconomic groups?
  3. 3What trade-offs are involved in prioritizing low unemployment over low inflation?

MOE Syllabus Outcomes

MOE: National Income Accounting - JC1MOE: Macroeconomic Aims - JC1
Level: JC 1
Subject: Economics
Unit: National Income Accounting and Macro Goals
Period: Macroeconomics

Suggested Methodologies

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