GDP and Inflation - Macroeconomic Indicators that May Reflect an Improved Economic Well-Being
GDP and Inflation - Macroeconomic Indicators that May Reflect an Improved Economic Well-Being

Author(s): Ramona Mariana Călinică
Subject(s): National Economy, Supranational / Global Economy, Micro-Economics
Published by: CEEOLPRESS
Keywords: gross domestic product; inflation; macroeconomic indicators; economic welfare
Summary/Abstract: Within each national economy, a range of economic activities is carried out, resulting in a diverse range of goods and services, which can be assessed in physical or value terms using macroeconomic indicators. One of these is the gross domestic product, which is used to measure a nation’s economic activity and is considered to be an index that can reflect the health of an economic system. When analysing the state of an economy, inflation is another important indicator. It has a significant impact on the evolution of the GDP and can have considerable damaging effects to the economic growth. The aim of this paper is to analyse the evolution of both GDP and inflation in the context of the economic and monetary integration of Eurozone countries.

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