Econmic Indicators Flashcards
1
Q
Leading indicators
A
Often change prior to large economic adjustments and as such can be used to predict future trends
2
Q
Examples of Leading Indicators (3)
A
Stock Market
Retail Sales
Housing market
3
Q
Lagging indicators
A
Reflect the economy’s historical performance and changes to these are only identified after an economic trend or pattern has already been established
4
Q
Examples of Lagging indicators (3)
A
GDP
Unemployment rate
CPI (inflation)
5
Q
Pro-cyclical Indicators
A
Move in the same direction of the general economy
6
Q
Counter Cyclical indicators
A
Move in the opposite direction to the general economy
7
Q
A-cyclical indicators
A
Are those with little or no correlation to the business cycle
