Key Performance Indicators

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Unemployment
A situation where people are out of work but are willing and able to work
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Inflation
A sustained rise in the price level; the percentage increase in the price level over a period of time
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Disinflation
Inflation, but at a slower rate than before
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Deflation
A sustained fall in the price level; the percentage decrease in the price level over a period of time
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Economic Growth
In the short-run, an increase in real GDP, and in the long-run an increase in productivity capacity
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Balance of Payments
A record of money flows coming in and out of a country
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Income Distribution
How a nation's total economy is distributed amongst its population. It's controlled through benefits and taxation
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Economic Stability
Avoiding high fluctutions in GDP
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Economic Sustainability
Economic growth that can continue over time and does not endanger future generations' ability to expand productive capacity
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Other cards in this set

Card 2

Front

A sustained rise in the price level; the percentage increase in the price level over a period of time

Back

Inflation

Card 3

Front

Inflation, but at a slower rate than before

Back

Preview of the back of card 3

Card 4

Front

A sustained fall in the price level; the percentage decrease in the price level over a period of time

Back

Preview of the back of card 4

Card 5

Front

In the short-run, an increase in real GDP, and in the long-run an increase in productivity capacity

Back

Preview of the back of card 5
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