Majandusmuutuja

Majandusmuutuja refers to a factor or variable that influences economic activity. These can be broadly categorized into several types, including endogenous and exogenous variables. Endogenous variables are those determined within the economic model itself, while exogenous variables are determined outside the model and their values are taken as given.

Key economic variables include GDP, inflation, unemployment, interest rates, and exchange rates. Gross Domestic Product (GDP) measures the total value of goods and services produced in an economy. Inflation represents the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling. Unemployment is the percentage of the labor force that is actively seeking employment but is unable to find work. Interest rates are the cost of borrowing money or the return on lending money. Exchange rates determine the value of one currency in relation to another.

These variables are interconnected and influence each other. For instance, changes in interest rates can affect consumer spending and investment, which in turn impact GDP growth and unemployment. Government policies, such as fiscal and monetary policy, are often designed to manage or influence these economic variables to achieve desired economic outcomes like stable prices, full employment, and sustained growth. Understanding the dynamics and relationships between different economic variables is crucial for economic analysis, forecasting, and policymaking.