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Macroeconomic Management

Fridays Academy: National Income Accounts

Ignacio Hernandez's picture

In previous Fridays Academy postings we have already seen how the measurement of poverty itself is the first step towards understanding the economic policies needed to reduce the number of poor. The second step is to understand the basic components of how an economy works. This in turn requires some knowledge of macroeconomics, the branch of economics that studies the aggregate economy by focusing on the analysis of key macroeconomic variables, including the economy’s total output, inflation, unemployment, the balance of payments, and the exchange rate.

 

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