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2023 | OriginalPaper | Chapter

2. Macroeconomic Indicators

Authors : Vasilii Erokhin, Gao Tianming, Jean Vasile Andrei

Published in: Contemporary Macroeconomics

Publisher: Springer Nature Singapore

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Abstract

The chapter 'Macroeconomic Indicators' covers essential economic concepts such as costs, revenue, and profit, and their interrelation in achieving economic growth. It explores the history and types of costs, including fixed and variable costs, and their impact on profitability. The chapter also delves into the calculation of total costs and the concept of economies of scale, which can lead to increased efficiency or inefficiency. Additionally, it discusses the differences between Gross Domestic Product (GDP) and Gross National Product (GNP), and the importance of national income and wealth in understanding economic development. The chapter concludes with an analysis of the limitations and challenges in measuring macroeconomic indicators accurately.

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Title: Macroeconomic Indicators
Authors: Vasilii Erokhin
Gao Tianming
Jean Vasile Andrei
Publisher: Springer Nature Singapore
Book: Contemporary Macroeconomics
Print ISBN: 978-981-19-9541-5

Electronic ISBN: 978-981-19-9542-2

Copyright Year: 2023
DOI: https://doi.org/10.1007/978-981-19-9542-2_2