Lesson 1 · Economists conduct research, prepare reports, and evaluate issues
Lesson 1 covers foundational household finances and economic measurement, incorporating data from the Survey of Consumer Finances (SCF) which collects detailed information on assets (savings accounts, retirement plans, real estate, and business holdings), liabilities (mortgages, credit-card balances, auto loans, and student debt), and day-to-day money management such as emergency savings cushions. It also encompasses U.S. gross domestic product (GDP) as the broadest measure of economic output representing the total monetary value of all goods and services produced within the country, measured from the expenditure side as C + I + G + (X − M).
What this asks you
Which of the following best describes the primary responsibilities of an economist when dealing with monetary and fiscal policy?
and 2 more questions