MGDP is the sum of incomes (wages, pro ts and taxes) in the economy during a given periodOpenStax Rice University Main Street MS Houston, Texas To learn more about OpenStax, visit Individual print copies and bulk orders can be purchased through our site The macroeconomic perspective looks at the economy as a whole, focusing on goals like growth in the standard of living, unemployment, and inflation. Early chapters leave you with an understanding of everything from fiscal policy and central banki