Last updated on Jul 26, 2024

You're debating economic indicators with colleagues. How do you find common ground?

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When you're in the thick of a discussion about economic indicators, finding common ground can seem elusive. It's important to remember that these indicators are tools economists use to assess the health of an economy. They include measures like Gross Domestic Product (GDP), which reflects the total value of goods and services produced, inflation rates, which indicate the rate at which prices for goods and services rise, and unemployment rates, which measure the percentage of the labor force that is jobless and actively seeking employment. Understanding these basics can help you and your colleagues start on the same page.

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