PPO- Economic Policy Lesson

Economic Policy Lesson

Our government plays a dual role in our nation's economy. It measures the economic status of the nation and then develops measures to keep the economy healthy. There are agencies who help compile information on the state of the economy each year. They include the Department of Labor, the Congressional Budget Office, and the Executive Office of the Council of Economic Advisers. Each of the agencies use tools to obtain vital statistics.

Tools used by Government Agencies to obtain vital statistics: -The Unemployment Rate shows the percentage of people who are actively seeking a job and can't get one. -The consumer Price Index (CPI) is the market basket of goods and services purchased. It also means inflation. -The Gross nation Product (GNP) is the total output of goods and services produced by labor and property located in the U.S. -The Gross Domestic Product (GDP) is the monetary value of all the goods and services produced within the nation.

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