5 key pieces of data, Macroeconomics

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Review the Federal Reserve Board website. Identify at least five key pieces of data (links) you would use in microeconomic decision making on the Web site, and tell what data that link provides to economists and for what it may be used.

1. Why do national income accountants compare the market value of the total outputs in various years rather than actual physical volumes of production?

2. What problem is posed by any comparison over time of the market values of various total outputs?

3. How is this problem resolved?


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