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Key Macroeconomic Indicators - Coggle Diagram
Key Macroeconomic Indicators
Gross Domestic Product (GDP) and Economic Growth
o Measures total value of goods and services
o Methods: production, expenditure, income
o Growth: sustained increase of real GDP
o Factors: investment, innovation, productivity, stability
o Limitations: doesn’t measure distribution or quality of life
Unemployment and Types of Employment
o Unemployment: active people without jobs
o Types: cyclical, structural, frictional, seasonal
o Formal vs informal employment
o Modalities: full-time, part-time, remote work, gig economy
o Social impact: stress, poverty, inequality
Trade Balance and Exchange Rates
o Balance: difference between exports and imports
o Surplus and deficit
o Exchange rate regimes: fixed, floating, managed
o Impact on competitiveness, inflation, debt
o Business: monitoring and exchange risk strategies
Fiscal and Monetary Policy
o Fiscal policy: taxes, public spending
o Monetary policy: money supply, interest rates
o Goals: growth, stability, employment, sustainability
o Coordination for effectiveness
o Impact on business and overall economy
Inflation and Purchasing Power
o General increase in prices
o Reduces purchasing power
o Measurement: Consumer Price Index (CPI)
o Impacts: inequality, investment, savings
o Policies: monetary and fiscal for price stability