Key

Mer som dette

The dynamics of social movements and the effects of socical media during a global pandemic

Ved Gordon-Williams Chester

Great economist concept map

Ved anthony joaquim

how does nature/nurture affect human growth or Why did the great depression take so long to end?

Ved carolyne obrien

Germany SWOT Analysis

Ved peter boekestyn

Key Economic Indicator

GDP Growth Rate

Annual percentage growth rate of GDP at market prices based on constant local currency.

Unemployment Rate

During periods of recession, an economy usually experiences a relatively high unemployment rate.

calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor force.

The unemployment rate is a measure of the prevalence of unemployment

Rate Of Inflation/CPI

Inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. When the price level rises, each unit of currency buys fewer goods and services

Inflation based upon the consumer price index (CPI) is the main inflation indicator in most countries.

measure of the average price which consumers spend on a market-based "basket" of goods and services.

GDP

Think of it as the size of the economy.

It represents the total dollar value of all goods and services produced over a specific time period

One of the primary indicators used to gauge the health of a country's economy.