Sample Essay

The gross domestic product shows the total output that a country can produce. It combines both consumer expenditure and government expenditure. In times of inflation when there is a general steady increase in the price level, the real GDP growth rate needs to be inflationary adjusted in order to give a true picture of the economic status of a country.On the other hand, the unemployment level is a true measure of how close or far an economy is to full employment. The lower the rate the closer a country is to full employment. The vice versa is also true. Thus, the analysis of these three economic indicators is very important in explaining, judging and forecasting an economy’s performance. In this paper I will look at these three economic tools and their impact or influence on labor costs and higher sales for Wal-Mart and general motors

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