How can the five major macroeconomic objectives be used to measure economic performance?

These are the following key measurements of economic performance, which can be also termed as the macroeconomic indicators of an economy:

1. Rate of economic growth.

2. Rate of inflation.

3. Unemployment level.

4. Current account.

5. Level of the national debt.

6. Labor Productivity.

These measurements are also used to check the different wellbeing indices of a society or economy like - life expectancy, happiness levels and the environmental factors of the economy. We can start with the level of economic growth- which explains the level of real GDP (the combination of real wages, labor productivity and the level of investment), level of inflation- which explains the price stability and its pattern, level of unemployment- which is used to evaluate the level of inequality in the economy and finally, the current account to analyse the aggregate level of international transactions.