macroeconomic indicators (10.1.2) 0.0 / 5 ? Economicsmacroeconomic indicators (10.1.2)ASAQA Created by: lee42Created on: 02-07-19 10:31 what does an increase in real GDP show? it is an increase in real value of goods/services produced in an economy in a gigen time period 1 of 12 what is real GDP per capita? (per capita means divided by population) 2 of 12 what is the definiton of inflation? its a persistent increase in the general price level of a given time period 3 of 12 how is inflation measured? CPI and RPI- they calculate by measuring the change in the value of the basket of a good and service 4 of 12 what is the deinition of unemployment? it is defined as someone who is actively seeking a job but is cuurently without a job 5 of 12 what is the claiman count? its the made up of people who are receiving job allowance 6 of 12 what is international labour organisation? it defines unemloyment as someone actively seeking work for the past four weeks but ready and able to start in two weeks 7 of 12 what is the defintionb of underemployed? workers who would like, but cant get more hours 8 of 12 why is international competitveness a good indicator of the economy? it indicates how likely consusmer from other countries are to buy the country goods 9 of 12 what is the trade balance? it is the value of exports vs the value of imports 10 of 12 what is the definiton of productivity? It is defined as the output per unit of input per hour 11 of 12 why is labour productivity important indiactor? because increased efficency lowers unbit cost 12 of 12
Comments
No comments have yet been made