{"id":296,"date":"2015-05-03T03:13:53","date_gmt":"2015-05-03T03:13:53","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterymacro1xngcxmaster\/?post_type=chapter&#038;p=296"},"modified":"2024-04-26T03:11:31","modified_gmt":"2024-04-26T03:11:31","slug":"learning-outcome-economic-indicators","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/chapter\/learning-outcome-economic-indicators\/","title":{"raw":"Introduction to Macroeconomics and GDP","rendered":"Introduction to Macroeconomics and GDP"},"content":{"raw":"<h2>What you'll learn to do: define macroeconomics and explain how economic indicators like GDP are used to assess the state of the economy<\/h2>\r\n<img class=\"aligncenter wp-image-7251\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2043\/2015\/05\/06180459\/pexels-photo-300x205.jpg\" alt=\"Stacks of coins on a table.\" width=\"638\" height=\"436\" \/>\r\n\r\nThis section will help you understand what macroeconomics is and how it differs between microeconomics. You will also learn how economists use economic indicators like GDP, inflation, and unemployment rates to assess the health of an economy. A key distinction for understanding the state of an economy is the difference between nominal and real measurements.","rendered":"<h2>What you&#8217;ll learn to do: define macroeconomics and explain how economic indicators like GDP are used to assess the state of the economy<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-7251\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2043\/2015\/05\/06180459\/pexels-photo-300x205.jpg\" alt=\"Stacks of coins on a table.\" width=\"638\" height=\"436\" \/><\/p>\n<p>This section will help you understand what macroeconomics is and how it differs between microeconomics. You will also learn how economists use economic indicators like GDP, inflation, and unemployment rates to assess the health of an economy. A key distinction for understanding the state of an economy is the difference between nominal and real measurements.<\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-296\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>Introduction to Macroeconomics and GDP. <strong>Authored by<\/strong>: Steven Greenlaw and Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Shared previously<\/div><ul class=\"citation-list\"><li>Picture . <strong>Authored by<\/strong>: Agnieszka. <strong>Provided by<\/strong>: Stock Photos . <strong>Located at<\/strong>: <a target=\"_blank\" href=\"https:\/\/stock.tookapic.com\/photos\/12396\">https:\/\/stock.tookapic.com\/photos\/12396<\/a>. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/about\/cc0\">CC0: No Rights Reserved<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":74,"menu_order":2,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"Introduction to Macroeconomics and GDP\",\"author\":\"Steven Greenlaw and Lumen Learning\",\"organization\":\"\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"},{\"type\":\"cc\",\"description\":\"Picture \",\"author\":\"Agnieszka\",\"organization\":\"Stock Photos \",\"url\":\"https:\/\/stock.tookapic.com\/photos\/12396\",\"project\":\"\",\"license\":\"cc0\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"71319bff-7334-43c4-8765-6528d2822deb","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-296","chapter","type-chapter","status-publish","hentry"],"part":184,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/wp\/v2\/users\/74"}],"version-history":[{"count":27,"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/296\/revisions"}],"predecessor-version":[{"id":12872,"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/296\/revisions\/12872"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/parts\/184"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/296\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/wp\/v2\/media?parent=296"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapter-type?post=296"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/wp\/v2\/contributor?post=296"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/wp\/v2\/license?post=296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}