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Economic Indicators (Employment Rates (Labour Force:, Impact of high…
Economic Indicators
Employment Rates
Labour Force:
Impact of high levels of unemploymet
Full employmeny
Economic Growth
Interest Rates
The cost of borrowing or the reward for saving
Inflation
Inflation is the increase in the general level of prices from one year to the next.
Change in price from one year to the next.
Causes: Taxes, increased demand, increase in cost of production
Measured by the CPI
Formula for inflation: Change from one year to the next over year one x 100
Impact of high inflation: 1.Goods & services more expensive-less disposable income. 2. Workers demand higher wages.
National Income
GNP
GDP
National Debt
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