Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / How can I track macro and macroeconomic data of a particular country in realtime?

How can I track macro and macroeconomic data of a particular country in realtime?

Economics

How can I track macro and macroeconomic data of a particular country in realtime?

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Answer Preview

Macro and microeconomic data of a country can be traced by determining the direction of the following indicators:

  • Unemployment rates. The levels of joblessness are used in examining economic performance of a country. Notably, low levels of unemployment indicate good performance as opposed to high levels which show that the economy is performing poorly.
  • Consumer Price Index (CPI). This economic indicator is used in determining variations in prices of commodities in the market. In other words, CPI figures are used to ascertain the levels of inflation.
  • Gross Domestic Product (GDP). It is a macroeconomic indicator used in determining the levels of a country's productivity over time. Rising levels of GDP show good performance while a declining GDP signals a poorly performing economy.
  • Per capita income. It is used in measuring the amount of money each person earns in an area as well as evaluating the standards of living. Besides, it is also used in determining economic prosperity.