Analysis of the Effect of Unemployment and Inflation on the Rate of Economic Growth in North Sumatra 2001-2022

Abstract

Macroeconomics is the study of economic activity in a country. Macroeconomic indicators are inflation, unemployment, and economic growth. The purpose of this study was to examine the effect of unemployment and inflation on economic growth in North Sumatra. This research uses multiple regression method with data taken from 2001-2020. Finally, this study only shows that the unemployment variable has no significant effect on economic growth, and then inflation has no significant effect on economic growth.