Essentials aspects on macroeconomic variables and their correlations

Abstract

The measurement of the correlations between macroeconomic variables, including the cause-effect links, provide useful information for policy makers in the government and public agencies. Especially important is the system of relationships that reveals the influence of certain factors on the Gross Domestic Product. This paper outlines the influence of the unemployment, measured through the unemployment rate, the inflation. Also, the authors discuss the correlations of the economic growth.

Keywords

• correlation
• inflation
• gross domestic product
• growth
• unemployment