The Decision Of Vermont 's Macroeconomic Health Essay

1561 Words7 Pages
VermontRivardCameron

Macroeconomics is the study of how the economy fluctuates due to various different situations like output, employment, and inflation. In this writing assignment, I will be analytically deciphering the great state of Vermont. This paper will ultimately state the condition of Vermont’s macroeconomic well-being, whether it’s healthy, unhealthy or a mixture of the two. The decision of Vermont’s macroeconomic health will be made by comparing the data of Colorado and Vermont. I will be looking at the following categories: State output, Employment, and Total cost of living. It’s important to look at all of these aspects before coming to a conclusion. All the data must be looked at concisely and all the factors must be considered. For example, employment and income could be at an all-time high. This means that the cash flow is high, people are making and spending money. However, if the cost of living starts to skyrocket due to a fold in the housing market, the employment rate and income are less significant because they have to compensate for the inflation of the cost of living. This is why the study of macroeconomics is so important, it is very easy for the equilibrium of the market to fall out of alignment which can lead to a recession. Being able to interpret and predict the economy can really save society as a whole.
Gross State Product (GSP) and Gross Domestic Product (GDP) are interchangeable. They’re a very effective and widely used method to measure
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