The National and International Economy 0.0 / 5 ? EconomicsNational and International EconomyASOCR Created by: sophiataylor98Created on: 19-05-16 15:02 Macroeconomics the study of the interrelationships between economic variables at an aggregate level 1 of 8 Nominal Value value of an economic variable based on current prices, taking no account of changing prices through time 2 of 8 Real Value value of an economic variable taking account of changing prices through time 3 of 8 Index Number a device for comparing the value of a variable in one period or location with a base observation 4 of 8 CPI a measure of the general level of prices in the UK, adopted as he govt inflation target since december 2003 5 of 8 Inflation the rate of change of the APL 6 of 8 RPI a measure of the APL in uk 7 of 8 Claimant Count of Unemployment the number of people claiming the jobseekers allowance each month 8 of 8
OCR AS Economics - The National and International Economy Tick Sheet 5.0 / 5 based on 1 rating Teacher recommended
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