Economic indicators track performance from "summary" of Principles of Economics by Saifedean Ammous
Economic indicators are essential tools that economists and policymakers use to gauge the health and performance of an economy. These indicators provide valuable insights into various aspects of the economy, such as inflation, employment, and economic growth. By tracking these indicators over time, analysts can assess how well an economy is performing and identify potential areas of concern or improvement. One of the key functions of economic indicators is to track changes in economic variables over time. For example, the unemployment rate is a widely used indicator that measures the percentage of people who are actively seeking work but are unable to find employment. By monitoring changes in the unemployment rate, policymakers can gain a better understanding of the labor market dynamics and make informed decisions to ...
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