Daily Archives: March 26, 2017

Macroeconomists

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Like astronomers studying the evolution of stars or biologists studying the evolution of species, macroeconomists cannot conduct controlled experiments in a laboratory. Instead, they must make use of the data that history gives them. Macroeconomists observe that economies differ across countries and that they change over time.

 

Learn everything you need to know about Advanced Macroeconomics here.

3 Statistics very important Economist use are:

  1. Gross Domestic Product – GDP = National Total Income and the total expenditure
  2. Consumer Price Index – CPI = Measure the level of prices
  3. The Unemployment Rate