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ECONOMIC INDICATORS - Coggle Diagram
ECONOMIC INDICATORS
GDP = Gross Domestic Product
value of goods and services produced in one year in a country
GNP = Gross National Product
includes GDP plus the earnings from foreign investiments
GNP per capita
GNP divided by the population
economic indicators assess (valutano) the situation of the economic development
economic growth is the annual percentage change in the GDP
it leads to an improvement of standard of living
business activity
amount of investiments
to ensure an economic growth, the governament should
ensure new investments in new machinery
the workforce must be trained
natural resources must be used efficently
inflation that is a measure of the increase in prices over a period of time
decrease take deflation
indexes that measure increase and decrease of prices
consumer prices index (CPI)
retail prices index (RPI) in uk
they examine a pool of items and measure the increase in prices
inflation is always expressed as a percentage
governmental actions
withdrawing (ritirare) money or printing less money
raising taxes and interest rates
limiting the wage increase
unemployement
people who are able to work but unable to find a job
unemployment rate
:
unemployment individuals / people in the workplace
high unemployment levels
increasing levels of governmental spending
decrease in the consumer demand
fall in production
peak, expansion, trough, recession
governmental actions
helping new business and giving inncetives to existing businesses
incentivies to retrain unemployed people
increasing the demand through reducing taxes and reducing interest rates
