Gross Domestic Product, Real GDP, Unemployment Rate, Inflation Rate, Interest Rate
Please help me so that I can define the following:
a. Gross Domestic Product (GDP)
b. Real GDP
c. Unemployment rate
d. Inflation rate
e. Interest rate
I need to explain how the circular flow diagram illustrates the interaction of households, government, and business. Also, describe how current economic conditions are effecting my organization or one which you are familiar. Identify the most important economic indicator affecting my organization and explain why.
Note my organization is an outsourcing firm.