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What other economic outcomes (besides GDP, unemployment, inflation and budget surplus) are important measures of macroeconomic...

What other economic outcomes (besides GDP, unemployment, inflation and budget surplus) are important measures of macroeconomic success?

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Answer #1

Other economic outcomes which are important measures of macroeconomic success:

  • Gross National Product: The value of goods and services produced by a nation (GDP) and income from foreign investments.
  • Current account: Which is net trade in goods and services with rest of the world
  • National debt: It includes the borrowings which government owes to its creditors.
  • Income inequality: It shows the uneven distribution of income among the different segments of polulation.
  • Exchange rate: Which determines the value of home currency with another country.
  • Human development index : It takes into consideration life expectancy, education and per capita income of a particular country.
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