Measuring the Macroeconomic Objectives: Economic Growth, Unemployment and Inflation

[@warcatbattalion]

way better than my economics teacher overcomplicated explanation

[@SaharearRuhan]

Excellent video Mr.Welker

[@JasonWelker]

There is no error in the video. It says "economic growth can be shown by shifting the PPC outwards" It does not say "GDP growth CAUSES the PPC to shift outwards". However, if Switzerland had been at its full employment level (in other words, on or very close to its PPC) in 2009, and its GDP increased by 2% between 2009 and 2010, then this would corresponded with an outward shift in the PPC. If the nation's workforce grows or technology improves, then both potential and actual output can increase

[@nkosanamabuza109]

You are the best, BIG ups to you.

[@JasonWelker]

If a nation is producing at full employment, then it is achieving its potential output. An outward shift of the PPC illustrates an increase in potential output, and if a nation achieves that potential, and the potential grows, then economic growth is also achieved. New technology is attained through investment, Investment leads to economic growth. Therefore, new technology which shifts PPC outward leads to growth. Let's end this discussion. PS. Do you live in Switzerland?

[@NazatZoyah]

wow, best explanation ever

[@nitikadesai7976]

this video is as amazing as you are !

[@davidpacheco8018]

Thank you very much for the video, is it possible if you could go through the lorenz curve and Gini Index. Also, some measures for microeconomics objectives would be great THANKS :D

[@Shreya-yb8ol]

Great video! It'd be easier to find this content if you put "PPC" somewhere in the title

[@walid.nightelf]

This is awesome.....

[@Binbonbunn]

is there going to be a follow-up video on the 4th macro objective: equity in income distribution?

[@alyssawong8750]

it helps alot.Thanks

[@92129alex]

thank you

[@krishimanek1267]

is inflation rate always the % change in cpi between 2 consecutive years, or can it be % change between any no. of years?

[@adamouabdramane6624]

thank you