It's how economists measure various nations' economies using measures such as Gross Domestic Product (GDP).explore how to measure cost-of-living changes and the rate of unemployment in the economy.

Examine macroeconomic aggregate indicators, such as the GDP, inflation rate, unemployment rate, and their implications on the national economy.

Using the procedures listed in the World Bank Research Steps document, collect the data requested below from the World Bank for the year of2000 and for the year of2015.

3) Imagine a simple economy where people consume only two goods, food and clothing, as shown in the table below. Further, assume that the market basket of goods used to compute the CPI consists of 100 units of food and 20 units of clothing. Yearly Price per Unit Food Clothing 2004 price per unit $8 $20 2005 price per unit $12 $40