The three statistics that are the main focus for those measuring macroeconomic health are
A) real GDP, inﬂation, and unemployment.
B) real GDP, nominal GDP, and inﬂation.
C) nominal GDP, unemployment, and inﬂation.
D) real GDP, nominal GDP, and unemployment.

Question

Quizplus · Accepted Answer

Real GDP measures the value of goods and services produced in an economy, inflation measures the rate at which prices are rising, and unemployment measures the percentage of the labor force that is currently without a job. These three statistics are considered most important for understanding the overall health of a country's economy. Nominal GDP, while still useful, does not take into account inflation and therefore is not as reliable a measure of a country's economic activity.

The Three Statistics That Are the Main Focus for Those