Economy : Explain what each of these terms means and why each measure is significant. What are these measures in the U.S. right now? How have they changed over the last decade?

Economy

When describing the state of the Economy, reporters often refer to the nation’s GDP, its unemployment rate, and the CPI.

  • Explain what each of these terms means and why each measure is significant.
  • What are these measures in the U.S. right now? How have they changed over the last decade?