4.9.2 - Macroeconomic Indicators Flashcards
1
Q
What is a macroeconomic indicator?
A
Indicators that provide information from recent economic performance for judging the success or failure of a particular type of government policy.
2
Q
What are some examples of a macroeconomic indicator?
A
- Real GDP
- Real GDP per capita
- Consumer Prices Index
3
Q
How can macroeconomic indicators be divided?
A
- Lead indicators
- Lag indicators
4
Q
What are lead macroeconomic indicators?
A
Provide information about the future state of the economy (stemming from the way people are currently forming their expectations).
5
Q
What are lag macroeconomic indicators?
A
Provide information about the past and (possibly) current economic performance and the extent to which policy objectives have been achieved.
6
Q
A
