Inflation, GDP, Unemployment, and Tariffs
How do we know whether an economy is healthy or struggling? Economists watch a few key measurements: GDP, inflation, and unemployment. Add in tariffs and you have the core vocabulary the test uses to describe the whole economy. Keep building this skill Practice more HiSET Social Studies Visit the free study hub for connected lessons, […]
Government Economic Policy and Market Failures
Free markets do a lot well, but they do not fix everything. Sometimes markets fail, and the government steps in with economic policy. Understanding how government influences the economy — and why it sometimes has to — ties together a big chunk of the economics on the test. Continue your GED preparation Practice this skill […]
