The paper must be analytical, as described. It must bear a title, section headings, and...

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The paper must be analytical, as described. It must bear a title, section headings, and subheadings.Introduction to Macroeconomics. Measurement and Structure of the National Economy. Long-Run Economic Growth.Productivity, Output and Employment.Consumption, Saving and Investment

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Introduction to Macroeconomics
Macroeconomics is an economics discipline that investigates the way a large-scale market economy or other systems work. Macroeconomics analyses economic phenomena such as national incomes, inflation, unemployment fluctuations, GDP and economic growth rates.
Measurement and Structure of the National Economy
Gross domestic product or GDP is the most common metric of national economic growth. The U.S. administration gathers and collects economic information through the Office of Labor Statistics or BLS. When structured, data is used to estimate GDP and national income by the Economic Analysis Bureau or BEA, which is part of the Department of Commerce. GDP is utilized for preparing the federal budget by the White House and Congress. It is also utilized for monetary policy by the Federal Reserve. In addition, it is still a proxy for economic growth even for economists who recognize the statistical limits of GDP.
Measures total expenditure on final products and services produced inside a nation within a defined period of time. Four primary areas of expenditure: government purchases of goods and services (G), net exports (Export - imports) (N-X), investment (I), and consumption (C) The income-expenditure identity: Y = C + I + G + NX.
Long Run Economic growth:
Economic growth represents an increase in the market value of products and services produced by an economy over time. The rate changes in the real gross domestic product are measured as (GDP).
Long-term growth is defined as the continuous increase in the amount of goods and services produced by an economy. Over and beyond pricing, supply and demand, a country's GDP is directly linked to population growth.
Long-term growth determinants
The long-term expansion of an economy has particular impacts:
· Productivity growth: The economic yield/input ratio ( capital, labor, energy, materials, and services). The cost of items is reduced as the productivity improves. The demand for the product or service increases with lower prices. A demand rise can lead to increased incomes.
· Demographic changes: demographic factours, through changing the employment ratio to population, impact economic growth. The number and quality of the natural resources accessible are included. The population's age structure also impacts jobs and long-term growth.

The paper must be analytical, as described. It must bear a title, section headings, and subheadings.Introduction to Macroeconomics. Measurement and Structure of the National Economy. Long-Run Economic...

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