Economic Considerations 0.0 / 5 ? Economics & Business StudiesASEdexcel Created by: NelleCreated on: 09-05-13 09:59 GDP The main measure of economic activity and output. Helps to measure economic growth 1 of 6 Recession A period of falling output and rising unemployment. Two or more successive quarters of falling GDP. (slow or even negative growth) 2 of 6 Interest Rate The charge paid by borrowers to lenders for loans. This is set each month my the Monetary Policy Committee (MPC) 3 of 6 Monetary Policy The deliberate use of interest rates to influence the level of activity. 4 of 6 Inflation Measures the rise in general price levels. CURRENT UK INFLATION 2% 5 of 6 Consumer Price Index (CPI) Measures the rate of inflation. 6 of 6
Comments
No comments have yet been made