11.2 Unemployment Rate & Inflation

Under 11.1, we are looking at the Gross Domestic Product - the measure of the level of production. Two other macroeconomic measures that tell us how 'healthy' the economy is are "the unemployment Rate" and "the Consumer Price Index". After reading your text, what is your understanding of these two measures? How do they matter to you as an individual who is part of this economic system?

Read Chapters 21&22