1-2.1. The Unemployment Rate: Definition and Measurement

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From the course by University of Illinois at Urbana-Champaign
Country Level Economics: Macroeconomic Variables and Markets
228 ratings
University of Illinois at Urbana-Champaign
228 ratings
Course 3 of 7 in the Specialization Managerial Economics and Business Analysis
From the lesson
Module 1: Key Macroeconomic Indicators and Their Measurement
What do macroeconomic indicators like GDP, the unemployment rate, and inflation really mean? How are they measured? How should the figures for such variables be interpreted?

Meet the Instructors

  • Hadi Salehi Esfahani
    Hadi Salehi Esfahani
    Professor of Economics and Professor of Business Administration
    Department of Business Administration, College of Business

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