Overview: Measuring how many goods and services a country produces is a massive undertaking. This lesson will help you understand how it is done and why it is never perfect.
Overview: Ever hear someone complain about how expensive things are now compared to years ago? That feeling is related to inflation. Learn more about how inflation works and is measured in this lesson.
Overview: The unemployment rate is one of the most important economic measurements used to determine the health of an economy. This lesson explains how it's calculated and why all unemployment is not the same.
Overview: Just like individual markets have supply and demand, there is also supply and demand for an entire country. This concept explains the similarities and differences.
Overview: Both a critically important institution and a complete mystery to many people, the Federal Reserve System is in charge of the U.S. money supply. Click here to learn how the organization operates.
Overview: How do you make sure the U.S. has enough money flowing to make transactions, but not too much so that there's not inflation? This lesson explains.
Overview: Why does the United States import so many clothes and shoes? Why do some countries seem to be associated with one product, like oil, so much? The answers to these questions, and more, can be found in this lesson.
Overview: Most economists agree that trade is good and free trade is even better. If that's the case, why - and how - do almost all nations try to limit it? This lesson explains.
Overview: It's no secret that trade is beneficial. Some nations like to put that in writing and make agreements with each other called trade blocs. Learn more here.
