The Main Macroeconomic Objectives 0.0 / 5 ? EconomicsMacroeconmic ObjectivesASEdexcel Created by: PippaNewtonCreated on: 06-12-15 10:16 ______ economic growth is the rate of growth of GDP over a period of time (as a percentage) Actual 1 of 12 ______ economic growth is the expansion in the productive capacity of the economy potential 2 of 12 ________ price index is a type of index number that measures the APL relative to a base period Consumer 3 of 12 A measure of the economic activity carried out in the domestic economy over a period of time GDP 4 of 12 GDP + the net income from abroad GNI 5 of 12 The average level of something per head of the population, often used for comparing measures on an international scale per capita 6 of 12 The rate of increase in the APL in an economy inflation 7 of 12 _______ values are the values of economic variables based on current prices, taking no account of changing prices through time Nominal 8 of 12 ____ values are the values of economic variables, taking account of changing prices through time Real 9 of 12 An ____ economy is an economy that is active in international trade Open 10 of 12 A macroeconomics measure of the economic output changed for inflation or deflation Real GDP 11 of 12 People are __________ when they are economically active, but don't have a job Unemployed 12 of 12
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