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ECONOMIC INDICATORS (INFLATION (CAUSES:
Cost-push inflation
Imported…
ECONOMIC INDICATORS
INFLATION
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DIFFERENCE IN COST O/ LIVING BETWEEN YEAR 1 & YEAR 2
divides by
COST OF LIVING IN YEAR 1
multiplied by 100
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INTEREST RATES
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EFFECTS: Increased borrowing and spending Business expansion and product development will be easier - access to cheaper borrowing
Cost of servicing National Debt will be reduced
EMPLOYMENT RATES
This is a statistical ratio that measures the proportion of the country's working age population that is employed. In Ireland, The working age is (16-65).
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IMPACTS OF HIGH UNEMPLOYMENT: Decrease in consumer demand.
Household will have a lower standard of living
May be a reduction in sales and profits
Social problems may increase
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