Abstract

Macroeconomic policy in its development continuously strives to explain the sustainability of links between macroeconomic indicators. The interdependence of the most important indicators such as employment and the macroeconomic aggregate of gross domestic product is a constant doubt and a starting point for the formation of all macroeconomic policies. Bringing these indicators together permanently conditions the development of macroeconomic policies of developed and developing countries alike, which indirectly depend on the relations and movements of the macroeconomic aggregates of these countries. The European Union, as a dominant participant in the creation of the foreign trade balance of the Republic of Serbia, is certainly a significant economic factor, whose macroeconomic trends depend on the relations on the domestic market. In this paper, the use of statistical methods in the field of marginal observation of economic phenomena will show the relationship between employment and gross domestic product of the EU Member States.

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