Macroeconomics is the study of the economy as a system . It investigates the various changes that affect the whole economic structure of a country. A country’s macroeconomic performance is based on a variety of factors such as unemployment, exchange rate, inflation, GDP (Gross Domestic produce) etc.

In order to gain a clear picture of the macroeconomic performance of the UK and US, we must first establish which dimensions are most important in determining how an economy is functioning.

Real GNP (Gross National Produce) measures the income of an economy, the quantity of goods and services the economy can afford to purchase . In the same way that a business’ accounts are an indicator of how w

Inflation is a rise in the price level . This is where the price of goods and service rises due to various economic factors such as changes in government policy. Inflation is a good economic indicator, as like unemployment it can be used to make assumptions about other areas f the economy. For example, printing money to fill a large deficit is a source of inflation , this could be because a country is trying to get itself out of debt.

Some topics in this essay:
GNP GDP, Due Iraq, Europe EU, Y/L=A FIK/LH/LN/L, Due UK’s, National Produce, Euro UK, Real GNP, , Co-operation Development, macroeconomic performance, 2000 2001 2002, 2001 2002, 2000 2001, *first quarters, 2001 2002 2003*, real gnp, 2002 2003*, economic power, inflation %, economic indicator, economic growth, 2002 2003* gnp, macroeconomic performance onto, 2002 2003* unemployment,