Explain how to use/interpret macro data, in the form of: (1) GDP; (2) balance of payments surplus/deficit; (3) expected inflation rate, (4) purchasing manager's index, in conducting economic analysis based on a top-down approach in stock investment. Give examples that can support your answer.

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GDP Gross domestic product GDP is the total value of goods and services produced in a country or region It is a measure of economic activity and growth GDP can affect stock prices in several ways For ... View the full answer