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Economic Indicators (Economic Growth (Economic growth is likely to…
Economic Indicators
Economic Growth
Economic growth is likely to increase when taxation and intrest rates are low and investment and employment levels are high
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National Income
National income is the total value of all new goods and services produced within a country in one year
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Inflation
Inflation is the increase in the general level of prices of goods and services from one year to the next
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Causes of inflation
-When the cost of producing goods increases
-An increase in indirect taxes
-If demands for goods and services is higher then supply
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