Econmic indicators Flashcards

1
Q

Inflation

A

the rise in general level of prices of goods and sevices from one year to the next

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2
Q

Inflation causes

A

demand pull inflation
cost push inflation
importanted inflation
goverment induced inflation

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3
Q

impacts

A

purchasing power
savings
job losses

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4
Q

unemployment

A

percentage of the labour force that is unemployed

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5
Q

unemployment falls

A

jobs avaible
high demand for goods

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6
Q

intrest

A

Cost of borrowing and reward for saving

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7
Q

rises in intrest

A

loans become more expensive
reduce disposable income
higher savings

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8
Q

econmic growth

A

percentages changes of gdp from one year to the next

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9
Q

impacts

A

enterprise
goverment
banks

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10
Q

econimic growth rises

A

wages rise
reduce taxes
more econmic activity

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11
Q

National debts

A

the total amout of money that a country owes domestically and internationally

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12
Q

NTMA

A

National teasurey management agency

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13
Q

impacts

A

taxes increases
gov cuts public spending
decresed sales
opportunity cost

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