How to Look at an economy When we Look at an economy, macroeconomists focus on first three measures Output, the level of production of the economy as a whole, and its rate of growth O The unemployment rate, the proportion of workers in the economy who are not employed and are looking for a job O The inflation rate. the rate at which the average price of the goods in the economy is increasing over time 2003-6-22 32003-6-22 3 How to Look at an economy When we Look at an economy , macroeconomists focus on first three measures: ● Output, the level of production of the economy as a whole, and its rate of growth ● The unemployment rate, the proportion of workers in the economy who are not employed and are looking for a job. ● The inflation rate, the rate at which the average price of the goods in the economy is increasing over time