4.2.1.2 - Macroeconomic Indicators

Question 1

What is a macroeconomic indicator?

Answer 1

Indicators that provide information from recent economic performance for judging the success or failure of a particular type of government policy.

Question 2

What are some examples of a macroeconomic indicator?

Answer 2

Real GDP, Real GDP per capita, Consumer Prices Index.

Question 3

How can macroeconomic indicators be divided?

Answer 3

Lead indicators, Lag indicators.

Question 4

What are lead macroeconomic indicators?

Answer 4

Provide information about the future state of the economy (stemming from the way people are currently forming their expectations).

Question 5

What are lag macroeconomic indicators?

Answer 5

Provide information about the past and (possibly) current economic performance and the extent to which policy objectives have been achieved.