Macroeconomic Measures: 1. Explain the measures of domestic output and how they differ. What are the vulnerabilities of a domestic output measure? (include real and nominal GDP, GDP equation, NDP)

2. Explain how inflation is measured and give the limitations of inflation measures. (text, include CPI, PPI, and GDP deflator)

3. Explain the role of economic indicators in economic analysis. Explain the role of the consumer confidence index. (text, include leading, coincident, and lagging indicators; see chapter 12 subsection "Consumer Confidence" for the consumer confidence index)